Results 1 to 10 of about 6,587,536 (188)
What matters in the annuitization decision? [PDF]
Swiss Journal of Economics and Statistics, 2022 We perform a simultaneous test for several rational and behavioral factors known to affect the uptake of life annuities in a sample of Americans. We also investigate whether analysts’ short-term stock market expectations affect the decision to annuitize ...
Mohamad Hassan Abou Daya, Carole Bernard
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Special-Rate Life Annuities: Analysis of Portfolio Risk Profiles
Risks, 2022 Special-rate life annuities are life annuity products whose single premium is based on a mortality assumption driven (at least to some extent) by the health status of the applicant.
Ermanno Pitacco, Daniela Y. Tabakova
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Longevity Risk and Annuitisation Decisions in the Absence of Special-Rate Life Annuities
RisksLongevity risk affecting older adults can be transferred to the insurance market by purchasing a lifetime annuity. Special-rate life annuities, which are priced, among other factors, on the basis of health and lifestyle factors, go beyond traditional ...
Jorge de Andrés-Sánchez +1 more
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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
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Time Restrictions on Life Annuity Benefits: Portfolio Risk Profiles
Risks, 2022 Due to the increasing interest in several markets in life annuity products with a guaranteed periodic benefit, the back-side effects of some features that may prove to be critical either for the provider or the customer should be better understood.
Annamaria Olivieri, Ermanno Pitacco
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Optimal behavior strategy in the GMIB product [PDF]
Insurance Markets and Companies, 2018 Guaranteed Minimum Income benefit are variable annuities contract, which offer the policyholder the possibility to con- vert the guarantee level into an annuities income for life.
Aymeric Kalife +3 more
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EDIS, 2014 An annuity contract is purchased from a life insurance company. The individual gives the insurance company a lump-sum payment or a series of payments. In return, the company will provide a stream of payments to the individual.
Michael S. Gutter, Lisa Leslie
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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
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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
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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
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