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Insurance Liability Duration in a Low-Interest-Rate Environment
example of a deferred annuity and using OAA, we will show that the duration of the annuity with a minimum crediting ... crediting rate can be longer than that of a similar annuity with- out the minimum. We will show that it is ...- Authors: Paul Heffernan
- Date: Jul 2004
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: Risks & Rewards
- Topics: Finance & Investments>Asset liability management