Results 71 to 80 of about 6,159 (234)
The mechanics and regulation of variable payout annuities [PDF]
This paper discusses the mechanics and regulation of participating and unit-linked variable payout annuities. These annuities offer benefits that are not fixed in either nominal or real terms but depend on the performance of the fund or funds in which ...
Vittas, Dimitri
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A linear algebraic method for pricing temporary life annuities and insurance policies
, 2010 We recast the valuation of annuities and life insurance contracts under mortality and interest rates, both of which are stochastic, as a problem of solving a system of linear equations with random perturbations.
Mamon, R, Date, P, Wang, IC, Jalen, L
core +1 more source
Learning in the Limit: Income Inference from Credit Extensions
The Journal of Finance, EarlyView.ABSTRACT Combining a randomized controlled trial with administrative and survey data, this paper shows that credit limit extensions significantly increase total spending and income expectations. By controlling for changes in personal income expectations, the spending response to credit limit extensions weakens by approximately 30%.
XIAO YIN
wiley +1 more source
The influence of negative interest rates on European life insurance companies
Journal of Risk and Insurance, EarlyView.Abstract Between 2016 and 2022, life insurers in several European countries experienced negative long‐term interest rates, which put pressure on their business models. The aim of this paper is to empirically investigate the impact of negative interest rates on the stock performance of life insurers.
Nicolaus Grochola
wiley +1 more source
Joint Life Annuities and Annuity Demand by Married Couples [PDF]
This paper explores the value of purchasing joint life annuities for married couples. It describes the existing market for joint life annuities, and summarizes the range of annuity products that are currently available to couples.
James M. Poterba, Jeffrey R. Brown
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Letter from the Secretary of the Interior, transmitting a draught of a bill providing for the manner of paying annuities to Indian tribes under treaty stipulations. [PDF]
, 1874 43-1Indian AffairsLetter on Manner of Paying Annuities. [1606] Seminole annuities to be paid to tribal authorities rather than per capita; treaty of 7 Aug.
House of Representatives Executive Document No. 56, 43d Congress, 1st Session (1874)
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Employee savings in defined contribution plans: Evidence from age‐based policies in employer plans
Journal of Risk and Insurance, EarlyView.Abstract Retirement saving is a critical form of self‐insurance at older ages, but ensuring that such savings are adequate remains a challenge in the United States. This is especially true for those who save through defined contribution (DC) plans, in which participants are responsible for setting both the amount and the investment strategy.
Brent J. Davis +2 more
wiley +1 more source
Can “compulsory” annuities provide a fair pension?
, 2006 This discussion paper finds that since 2002 compulsory annuities no longer provide an actuarially fair pension. Hence annuities are a poor investment giving returns of less than 85% in present value terms.
FitzGerald, EMN
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Pricing Equity-Indexed Annuities under Stochastic Interest Rates Using Copulas
Journal of Probability and Statistics, 2010 We develop a consistent evaluation approach for equity-linked insurance products under stochastic interest rates. This pricing approach requires that the premium information of standard insurance products is given exogenously. In order to evaluate equity-
Patrice Gaillardetz
doaj +1 more source
Journal of Public Economic Theory, 2007 AbstractAnnuity contracts typically deliver a stream of income at a predetermined level in order to insure against the risk of longevity. This paper explores whether flexible annuities, which give subscribers the possibility to choose between different levels of annuity, are welfare enhancing.
openaire +3 more sources