A Layman's explanation of the expectancy annuity

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000cam a22000004b 4500</leader>
    <controlfield tag="001">MAP20210029097</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20211209124227.0</controlfield>
    <controlfield tag="008">211008s1960    usa||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
      <subfield code="d">MAP</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">6</subfield>
    </datafield>
    <datafield tag="100" ind1="1" ind2=" ">
      <subfield code="0">MAPA20210033322</subfield>
      <subfield code="a">Sarason, Harry M.</subfield>
    </datafield>
    <datafield tag="245" ind1="1" ind2="2">
      <subfield code="a">A Layman's explanation of the expectancy annuity</subfield>
      <subfield code="c">Harry M. Sarason</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">Schaumburg, Illinois </subfield>
      <subfield code="b">Society of Actuaries</subfield>
      <subfield code="c">1960</subfield>
    </datafield>
    <datafield tag="300" ind1=" " ind2=" ">
      <subfield code="a">7 p</subfield>
    </datafield>
    <datafield tag="490" ind1="0" ind2=" ">
      <subfield code="a">Transactions of Society of Actuaries</subfield>
      <subfield code="v">Vol. 12, nº 33, 1960</subfield>
    </datafield>
    <datafield tag="500" ind1=" " ind2=" ">
      <subfield code="a">Pertenece a la donación de la biblioteca particular de D. Camilo Pieschacón Velasco</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">One of the major tasks of some actuaries is to substitute actuarial demonstrations for the impressions of laymen. The layman normally has an impression that an annuity for the expectation of life is the same as the average value of the life annuity. The ubiquity of this misconception is shown by the fact that several actuarial papers have been written discussing the relationship and the apparent impossibility of explaining the misconception to the layman; and by the fact that the misconception is mentioned in various text books, both in actuarial text books and in books on life insurance. The misconception is mentioned in the Encyclopaedia Britannica under the topic of Annuities, and it has come up many times in our courts and in hearings before congressional committees</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080579258</subfield>
      <subfield code="a">Cálculo actuarial</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080580377</subfield>
      <subfield code="a">Esperanza de vida</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="4">
      <subfield code="0">MAPA20080570590</subfield>
      <subfield code="a">Seguro de vida</subfield>
    </datafield>
    <datafield tag="856" ind1=" " ind2=" ">
      <subfield code="y">MÁS INFORMACIÓN</subfield>
    </datafield>
  </record>
</collection>