Results 21 to 30 of about 2,273 (189)
The Impact of Health Impairment on Optimal Annuitization for Retirees
Risks, 2022 Post retirement, annuities provide a steady stream of income for retirees. However, the annuitization rate is relatively small in the insurance market in many countries around the world.
Nurin Haniah Asmuni +2 more
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Value of life and annuity demand [PDF]
Journal of Risk and Insurance, 2020 AbstractHow does the value of life affect annuity demand? To address this question, we construct a portfolio choice problem with three key features: (i) agents have access to life‐contingent assets, (ii) they always prefer living to dying, (iii) agents have nonexpected utility preferences.
Svetlana Pashchenko, Ponpoje Porapakkarm
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Stochastic Life Annuities [PDF]
North American Actuarial Journal, 2007 Abstract This paper gives analytic approximations for the distribution of a stochastic life annuity. It is assumed that returns follow a geometric Brownian motion. The distribution of the stochastic annuity may be used to answer questions such as “What is the probability that an amount F is sufficient to fund a pension with annual amount y to a ...
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Managing Systematic Mortality Risk in Life Annuities: An Application of Longevity Derivatives
Risks, 2019 This paper assesses the hedge effectiveness of an index-based longevity swap and a longevity cap for a life annuity portfolio. Although longevity swaps are a natural instrument for hedging longevity risk, derivatives with non-linear pay-offs, such as ...
Man Chung Fung +2 more
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Valuation of Large Variable Annuity Portfolios Using Linear Models with Interactions
Risks, 2018 A variable annuity is a popular life insurance product that comes with financial guarantees. Using Monte Carlo simulation to value a large variable annuity portfolio is extremely time-consuming.
Guojun Gan
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SOLVENCY MEASUREMENT OF LIFE ANNUITY PRODUCTS
International Journal of Theoretical and Applied Finance, 2022 In this paper, we measure the market and the longevity risks borne by an insurer by computing their solvency capital for a given annuity and within an investment strategy. For this purpose, we propose the investment strategy in such a way as to mitigate the solvency capital of the insurer and improve the internal rate of return of a shareholder ...
PAULINE NGUGNIE DIFFOUO, PIERRE DEVOLDER
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Jurnal Ilmu Keuangan dan Perbankan, 2023 This study aims to calculate Indonesian pension funds using the Group Self Anuitization method and Makeham's death law. The calculation of the GSA method is almost the same as the calculation of an annuity for life, so the price determination procedure ...
Andini Setyo Anggraeni* +3 more
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Modelling the profitability of reverse mortgage loans with life-long annuity payments [PDF]
E3S Web of Conferences, 2020 The article deals with the economic mechanism of reverse mortgage as a loan product aimed at raising the welfare of senior citizens who own real estate, for organic farming and soil management.
Kuzmina Elena, Ianin Andrei
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Hereditary position of a spouse in Serbian legislation [PDF]
Zbornik Radova Pravnog Fakulteta u Nišu, 2014 Under the Serbian Inheritance Act (1995), the surviving spouse is an heir of the first and the second line of succession. The specific hereditary position of a surviving spouse in the first line of succession may be influenced by a fact that he/she is ...
Vučković Milica
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Superannuation Reimagined: Moving Beyond the Origins to an Indigenous Focus
Australian Journal of Social Issues, EarlyView.ABSTRACT Retirement income systems, such as superannuation, are meant to be non‐discriminatory and consider disadvantage faced by members of society. There are significant differences between the life expectancies of Indigenous and non‐Indigenous peoples. The gap in life expectancies is not considered when determining when Indigenous peoples can retire.
Levon Ellen Blue +2 more
wiley +1 more source