METHOD AND APPARATUS FOR COMPARISON OF VARIABLE TERM FINANCIAL INSTRUMENTS USING LIFE EXTENSION DURATION COMPUTATION

摘要

A method of evaluating a variable term security including assessing life extension risk of the variable term security due to a deviation from nominal life expectancy of the variable term security, computing a summary factor of said life extension risk, and comparing the summary factor of said life extension risk to a predetermined criterion and thereby evaluating the variable term security.