Dependence Modeling, 2016 Variable annuities contain complex guarantees, whose fair market value cannot be calculated in closed form. To value the guarantees, insurance companies rely heavily on Monte Carlo simulation, which is extremely computationally demanding for large ...
Gan Guojun, Valdez Emiliano A.
doaj +1 more source
A conceptual framework for retirement products : Risk sharing arrangements between providers and retirees [PDF]
Voluntary annuity markets are, in most countries, smaller than what the theoretical and part of the empirical literature would suggest. There are both demand and supply constraints that hamper the development of annuity markets.
Impavido, Gregorio +2 more
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Redefining the role of the transfusion medicine physician in the era of advanced cellular therapies
Transfusion, EarlyView.
Eric A. Gehrie, Kevin J. Land
wiley +1 more source
Private Pensions, Mortality Risk, and the Decision to Annuitize [PDF]
This paper examines household decisions about whether or not to annuitize retirement resources. A life-cycle model of consumption, implemented with the use of dynamic programming techniques, is used to construct a utility-based measure of annuity value ...
Jeffrey R. Brown
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The Valuation and Redistribution Effect of the Korea National Pension [PDF]
This paper evaluates the Korea National Pension (KNP) and investigates its redistribution effects. The educational level is used as a proxy for mortality and various socioeconomic factors are considered.
Yuh, Yoonkyung, Yang, Jaehwan
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The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program [PDF]
We explore four issues concerning annuitization options that retirees might use in the decumulation phase of an individual accounts' retirement saving system. First, we investigate the operation of both real and nominal annuity individual annuity markets
Olivia S. Mitchell +2 more
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Valuation of a Mixture of GMIB and GMDB Variable Annuity
MathematicsThe Guaranteed Minimum Income Benefit (GMIB) and Guaranteed Minimum Death Benefit (GMDB) are options that may be included at the inception of a variable annuity (VA) contract.
Yichen Han +4 more
doaj +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
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THE BEQUEST MOTIVE AND SINGLE PEOPLE’S DEMAND FOR LIFE ANNUITIES [PDF]
The main objective of this paper is to go deeper into the “annuity puzzle” by introducing the altruistic and strategic bequest motive and determining whether this really is a relevant factor affecting the theoretical decision to purchase life annuities ...
ANA LEJÁRRAGA-GARCÍA +1 more
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Tax incentives for private life annuities and the social security reform: Effects on consumption and on adverse selection [PDF]
In this paper we analyse several measures which are typically included in a social security reform: a cut in the social security benefits, an increase in the social security tax and tax incentives for the purchase of private life annuities, which have ...
Susanne Pech
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