Results 81 to 90 of about 6,159 (234)
Journal of Risk and Insurance, EarlyView.Abstract In many low‐ and middle‐income countries, social insurance provides basic pension benefits with limited cover for illness and care costs, while private insurance markets are underdeveloped. Using an online survey of retirement portfolio choices in urban China, we examined the stated demand for longevity, critical illness, and long‐term care ...
Cheng Wan +3 more
wiley +1 more source
Journal of Financial Therapy, 2016 The study of personal mortality salience and the denial of death have a long history in psychology leading to the modern field of Terror Management Theory.
Russell N James III
doaj +1 more source
Selection in car insurance when claims are heterogeneous
Journal of Risk and Insurance, EarlyView.Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon +2 more
wiley +1 more source
Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts [PDF]
This paper explores the current tax treatment of non-qualified immediate annuities and distributions from tax-qualified retirement plans in the United States. First, we describe how immediate annuities held outside retirement accounts are taxed.
Olivia S. Mitchell +3 more
core
Design and pricing of private long‐term care insurance: An Australian analysis
Journal of Risk and Insurance, EarlyView.Abstract Private long‐term care insurance (LTCI) is unavailable in many countries, including Australia, where individuals rely on government support and retirement savings for aged care. This study explores the design and pricing of private LTCI products covering out‐of‐pocket costs, using a model of chronic illness and disability in Australia.
Kyu Park, Michael Sherris
wiley +1 more source
Note on the Optimum Pricing of Annuities [PDF]
In a perfectly competitive market for annuities with full information, the price of annuities is equal to individuals’ (discounted) survival probabilities. That is, prices are actuarially fair. In contrast, the pricing implicit in social security systems
Eytan Sheshinski
core
Risk Management and Insurance Review, EarlyView.Abstract This study examines whether underwriting methods—representation, medical examination, extra premiums, and coverage—effectively mitigate adverse selection using data from an insurance company. Regarding representation, we focus on statements disclosing pre‐existing medical conditions.
Chia‐Ling Ho +3 more
wiley +1 more source
Social welfare effects of annuitization in small open economies
The Scandinavian Journal of Economics, EarlyView.Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
wiley +1 more source
Developing Annuities Markets : The Experience of Chile
, 2007 Demographic aging strains pension systems around the world, leading frequently to large pension expenditures and deficits. The increasing awareness of a looming pension crisis has led to a wave of pension
Thorburn, Craig, Rocha, Roberto
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Risk measures for variable annuities: A hermite series expansion approach
Journal of Management Science and Engineering, 2019 In this study, we propose an efficient approach to the calculation of risk measures for an insurer's liability from writing a variable annuity with guaranteed benefits.
Zhenyu Cui +3 more
doaj +1 more source