Philippa

Understanding the Assumed Interest Rate (AIR).

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Annuities are insurance products that can provide guaranteed income for life. One key feature of an annuity is that it has an assumed interest rate (AIR). The AIR is the rate of return that the annuity is assumed to earn. This rate is used to calculate the annuity’s payouts. The AIR is important because it … Read more

Three-Sigma Limits: What You Need to Know.

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Three-Sigma Limits: What You Need to Know How do you define limits? A limit is a restriction on the amount of money that can be borrowed or spent. Limits are often set by financial institutions such as banks in order to minimize the risk of lending money. How do you interpret 3 standard deviations? There … Read more