第4题
书上原文：Molly的工作是大学教授，与Kirk比起来更稳定 （Kirk是投行的）
"In the afternoon, Lansky meets with Gregory’s parents, Molly and Kirk, ages 53 and 60. Molly is a tenured university professor and provides consulting services to local businesses. Kirk is a senior manager for an investment bank. Lansky determines that Molly’s income is more stable than Kirk’s."
那Molly的工作更像是bond like & Kirk的工作更像是Equity like。从投资的角度考虑，Molly应该投Equity Like的investment 而Kirk应该投更Bond Like的investment，降与HC的correlation，那为什么做income volatility adjustment的时候，Molly要比Kirk低呢？书上的解释没看太明白
第7题
这句话哪里错了？Deferred 和Immediate的区别不是时间上的吗？Deferred是之后给，immediate是立即给。但是对于access to invested funds不是应该都一样吗 （选择投什么样的funds）？
“Both deferred and immediate annuities provide the same flexibil
ity concerning access to invested funds”
