Results 11 to 20 of about 3,060 (229)
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
doaj +1 more source
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
doaj +5 more sources
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
openaire +2 more sources
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
doaj +1 more source
Journal of Public Economic Theory, 2007 AbstractAnnuity contracts typically deliver a stream of income at a predetermined level in order to insure against the risk of longevity. This paper explores whether flexible annuities, which give subscribers the possibility to choose between different levels of annuity, are welfare enhancing.
openaire +3 more sources
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
doaj +1 more source
Assessing Investment and Longevity Risks within Immediate Annuities [PDF]
, 2007 Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages.
Weber, Frederik, Bauer, Daniel
core +2 more sources
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
doaj +1 more source
Spouses’ Dependence across Generations and Pricing Impact on Reversionary Annuities
Risks, 2016 This paper studies the dependence between coupled lives, i.e., the spouses’ dependence, across different generations, and its effects on prices of reversionary annuities in the presence of longevity risk.
Elisa Luciano, Jaap Spreeuw, Elena Vigna
doaj +1 more source
Unit-Linked Tontine: Utility-Based Design, Pricing and Performance
Risks, 2022 Due to the low demand for conventional annuities, alternative retirement products are sought. Quite recently, tontines have been frequently brought up as a promising option in this respect.
An Chen, Thai Nguyen, Thorsten Sehner
doaj +1 more source