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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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Optimum taxation of life annuities [PDF]
Social Choice and Welfare, 2006 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Johann K. Brunner, Susanne Pech
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Joint Life Annuities and Annuity Demand by Married Couples [PDF]
The Journal of Risk and Insurance, 2000 ABSTRACT This article summarizes the range of joint-life annuity products that are currently available to married couples, and it explores the potential utility gain that such couples receive from access to actuarially fair annuity markets. It is more difficult to estimate this utility gain for couples than for individuals because a couple's value of ...
Jeffrey R. Brown, James M. Poterba
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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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Longevity-Indexed Life Annuities [PDF]
North American Actuarial Journal, 2011 This paper addresses the problem of the sharing of longevity risk between an annuity provider and a group of annuitants. An appropriate longevity index is designed in order to adapt the amount of the periodic payments in life annuity contracts. This accounts for unexpected longevity improvements experienced by a given reference population. The approach
Denuit, Michel +2 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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