The Rate of Return on Life Insurance and Annuities
研究了净单一保费的人寿保险和年金合同作为投资时的内部回报率分布，由于投保人寿命随机，合同内部回报率也随机，分析了标准合同下该分布的若干方面。
Net single premium life insurance and annuity contracts can be regarded as investments with corresponding internal rates of return. Since the time until death of the policyholder is a random variable, so must be the internal rate generated on the contract. Aspects of the distribution of the internal rate are investigated for standard life insurance and annuity contracts.