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The demand for life insurance in a heterogeneous-agent life cycle economy with joint decisions
GENEVA Risk and Insurance Review, 2019A life cycle model is developed to explain how and why life insurance demand of household participants varies and to further explore risk sharing effects within a household. The model includes endogenous labor supply and joint decisions of life insurance demand for men and women, and generates consumption with a sudden drop around retirement and hump ...
Ning Wang
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Calculations about premiums of joint life insurance under dependent conditions
The 2nd International Conference on Information Science and Engineering, 2010Das, S (2003) found the method to calculate the pure premium of joint life insurance, which means when we suppose the life is independent, using actuary theory we can have the calculating results. In some practical problems, this result is useful. However, the lives are dependence in the real world.
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Management Science, 1983
Linear programming is applied to measurement of whole life insurance to obtain a functional relationship between interest adjusted cost of insurance protection and rate of return on policy equity. For comparative purposes, policy differences related to premium rates, dividends and cash-values are controlled by maintaining identical insurance ...
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Linear programming is applied to measurement of whole life insurance to obtain a functional relationship between interest adjusted cost of insurance protection and rate of return on policy equity. For comparative purposes, policy differences related to premium rates, dividends and cash-values are controlled by maintaining identical insurance ...
exaly +3 more sources
Universal Life Insurance as an Alternative to the Joint and Survivor Annuity
The Journal of Risk and Insurance, 1988This paper examines whether it is better for a married employee to take a pension as a joint and survivor annuity or to choose a single life annuity and provide separate protection for the spouse through life insurance. A model is developed to describe the problem, and sensitivity analysis is performed using data from 50 state university retirement ...
Sandra G. Gustavson +1 more
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Joint Life Insurance Policies with Differential Benefits and Premiums to the Policyholders
Asia-Pacific Journal of Risk and Insurance, 2008In this paper, actuarial justification is explored in details for equal or unequal sharing of premiums and benefits between policyholders in a product involving joint lives. The analysis reveals a fundamental difference between endowment and assurance type of products in this regard. In assurance plans, there is a clear basis for differential structure
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Life Insurance Premiums Dwiguna Joint Life and Last Survivor with Makeham Law
Proceedings of the International Conference on Industrial Engineering and Operations Management, 2021Hasriati Hasriati +4 more
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Modelling and risk management in JSC Ukrainian Joint Stock Insurance Company ASKA-LIFE [PDF]
Business Inform, 2013 The article considers a topical issue of assessment of a risk and its management using specific economic object. When detecting and managing risks, it is necessary to analyse a risk situation through allocation of objects (economic systems, efficiency and conditions of functioning of which are not identified properly), subjects (individuals or ...
Kvita Halyna M. +2 more
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Asian Journal of Research in Business Economics and Management, 2014
A copula is a function that links univariate marginal's to their full multivariate distribution. Copulas were introduced in 1959 in the context of probabilistic metric spaces. Copula models are becoming increasingly popular for modeling dependencies between random variables.
Ghodratollah Emamverdi +3 more
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A copula is a function that links univariate marginal's to their full multivariate distribution. Copulas were introduced in 1959 in the context of probabilistic metric spaces. Copula models are becoming increasingly popular for modeling dependencies between random variables.
Ghodratollah Emamverdi +3 more
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Journal of the Institute of Actuaries, 1994
AbstractThe working party was required to establish what actuarial information is needed by the financial world for the proper evaluation of a bid for a quoted insurance company, and, in the light of these findings, to consider what may be required in the way of guidance to actuaries.
E. B. O. Sherlock +7 more
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AbstractThe working party was required to establish what actuarial information is needed by the financial world for the proper evaluation of a bid for a quoted insurance company, and, in the light of these findings, to consider what may be required in the way of guidance to actuaries.
E. B. O. Sherlock +7 more
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Couple tontines: Mutual joint-life and last-survivor insurance products
Joint-life and last-survivor insurance products pay regular retirement income until the first or last death of a couple, thereby incorporating widow(er) pensions within a single contract. We propose a design for such products as pooled annuity funds-modern tontines-in which longevity risk is shared directly among participants without requiring an ...Marie-Fleur Borac, Peter Hieber
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