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MAP20071506979Milevsky, Moshe A.The Implied longevity yield : a note on developing an index for life annuities / Moshe A. MilevskyI develop an index for tracking the dynamic behavior of life (pension) annuity payots over time, based on the concept of self-annuitization. Our implied longevity yield (ILY) value is defined equal to the internal rate of return (IRR) over a fixed deferral period that an individual would have to earn on their investable wealth if they decided to self-annuitize using a systematic with drawal planEn: The Journal of risk and insurance. - Orlando. - Volume 72, number 2, June 2005 ; p. 301-3201. Modelos matemáticos. 2. Mercados financieros. 3. Cálculo actuarial. 4. Planes de pensiones. 5. Estadísticas. I. Título. II. Título: The Journal of risk and insurance.