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J. G. Cairns} et al. [``A two-factor model for stochastic mortality with parameter uncertainty: theory and calibration'', J. Risk. Insur. 73, No. 4, 687--718 (2006; \\url{doi:10.1111/j.1539-6975.2006.00195.x})] described by the following equation \\N\\[\\Nq_{x+t}=\\frac{\\mathrm{e}^{A_1(t+1)+A_2(t+1)(x+t)}}{1+\\mathrm{e}^{A_1(t+1)+A_2(t+1)(x+t)}}, \\N\\]\\Nwhere \\(q_{x+t}\\) represents the one-year death probability for an individual aged \\(x+t\\) in year \\(t\\), and \\(A(t)=(A_1(t),A_2(t))\\) is a two-dimensional random walk with drift: \\N\\[\\NA(t)=A(t)+\\mu+C\\, Z(t+1).\\N\\]\\NHere \\(\\mu=(\\mu_1,\\mu_2)^{T}\\) is a constant parameter vector, \\(C\\) is a \\(2\\times 2\\) constant upper triangular Cholesky square root matrix of a covariance matrix, and \\(Z\\) is a stochastic process represented by a two-dimensional standard normal random variable.\\N\\NAssuming that the population lives according to the above model, the article's authors jointly examine the demand and supply of whole life insurance and deferred life annuities and connect them in a market equilibrium framework. 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