One focus of this monograph is on how human capital interacts with financial
capital. Understanding this interaction helps us to create, manage, protect, bequest,
and especially, appropriately consume our financial resources over our lifetimes. In
particular, we propose ways to optimally manage our stock, bond, and so on, asset
allocations with various types of insurance products. Along the way, we provide
models that potentially enable individuals to customize their financial decision
making to their own special circumstances....