What You Need to Know
- Milevsky is a York University finance professor.
- He has also written a book about the history of tontines.
- Electronic access to the new book is free.
Moshe Arye Milevsky is distributing a book that actuaries and others can use to design longevity-based collective investment pools outside of an annuity or pension plan wrapper.
The York University finance professor is offering access to the electronic version of the book, “How to Build a Modern Tontine,” free of charge.
What It Means
If you’ve also wanted to set up and run a tontine, now you can.
The book offers chapters on subjects such as tontine simulation construction, risk management and provisions for death benefits and refunds.
At deadline, the book had 2,326 views on the Springer website.
“How to Build a Modern Tontine” is a sequel to Milevsky’s 2020 book, “Retirement Income Recipes in R.”