Results 11 to 20 of about 54,807 (241)
Assessing Investment and Longevity Risks within Immediate Annuities [PDF]
, 2007 Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages.
Bauer, Daniel, Weber, Frederik
core +4 more sources
The Demand for Enhanced Annuities [PDF]
, 2008 In enhanced annuities, the annuity payment depends on one's state of health at some contracted date while in "standard annuities", it does not.
Schuhmacher, Petra
core +2 more sources
Closed-form expressions to Gompertz-Makeham life expectancies: a historical note [PDF]
Revista Brasileira de Estudos de População, 2022 Results well known in the actuarial community about closed-form expressions to Gompertz and Gompertz-Makeham life expectancies for a person aged x are still being independently rediscovered to this day.
Filipe Costa de Souza
doaj +1 more source
Spouses’ Dependence across Generations and Pricing Impact on Reversionary Annuities
Risks, 2016 This paper studies the dependence between coupled lives, i.e., the spouses’ dependence, across different generations, and its effects on prices of reversionary annuities in the presence of longevity risk.
Elisa Luciano, Jaap Spreeuw, Elena Vigna
doaj +1 more source
Life Insurance and Annuity Demand under Hyperbolic Discounting
Risks, 2018 In this paper, we analyse and construct a lifetime utility maximisation model with hyperbolic discounting. Within the model, a number of assumptions are made: complete markets, actuarially fair life insurance/annuity is available, and investors have time-
Siqi Tang, Sachi Purcal, Jinhui Zhang
doaj +1 more source
Upper and lower bounds for annuities and life insurance from incomplete mortality data
Revista Contabilidade & Finanças, 2019 This study aimed to set upper and lower bounds for the expected present value of whole life annuities and whole life insurance policies from incomplete mortality data, generalizing previous results on life expectancy.
Filipe Costa de Souza
doaj +1 more source
Guaranteed Annuity Options [PDF]
ASTIN Bulletin, 2003 Under a guaranteed annuity option, an insurer guarantees to convert a policyholder's accumulated funds to a life annuity at a fixed rate when the policy matures. If the annuity rates provided under the guarantee are more beneficial to the policyholder than the prevailing rates in the market the insurer has to make up the difference. Such guarantees are
Boyle, Phelim, Hardy, Mary
openaire +2 more sources
Projecting Mortality Rates to Extreme Old Age with the CBDX Model
Forecasting, 2022 We introduce a simple extension to the CBDX model to project cohort mortality rates to extreme old age. The proposed approach fits a polynomial to a sample of age effects, uses the fitted polynomial to project the age effects to ages beyond the sample ...
Kevin Dowd, David Blake
doaj +1 more source
Stimulating Annuity Markets [PDF]
SSRN Electronic Journal, 2014 AbstractWe study the short-, medium-, and long-run implications of stimulating annuity markets in a dynamic general-equilibrium overlapping-generations model. We find that beneficial partial-equilibrium effects of stimulating annuity markets are counteracted by negative general-equilibrium repercussions.
Trimborn, Timo +2 more
openaire +5 more sources
SSRN Electronic Journal, 2021 We propose and estimate a model of demand and supply of annuities. To this end, we use rich data from Chile, where annuities are bought and sold in a private market via a two-stage process: first-price auctions followed by bargaining. We model firms with private information about costs and retirees with different mortalities and preferences for ...
Aryal, Gaurab +3 more
openaire +2 more sources