منابع مشابه
The Demand for Enhanced Annuities
In enhanced annuities, the annuity payment depends on one’s state of health at some contracted date while in ”standard annuities”, it does not. The focus of this paper is on an annuity market where ”standard” and enhanced annuities are offered simultaneously. When all insured know equally well on their future health status either enhanced annuities drive standard annuities out of the market or ...
متن کاملDemand for Dental Care in Household Mothers in Yazd, Iran
Introduction: Oral health is an important public health issue that influences general health and quality of life. Mothers are key persons in families paying attention to whom not only guarantees their oral health, but also the oral health of the family members. Therefore, this study aimed to determine the dental service demand status and its related factors among mothers in Yazd city. Mater...
متن کاملPractical Considerations in Managing Variable Annuities
Variable annuities have grown tremendously in recent years, offering life insurers significant growth opportunities. These equity and interest rate structured products offer a broad range of guarantees to the policyholders, and insurers must manage their risks. The insurer’s risk management program must consider modeling and implementation challenges beyond that of the standard capital market a...
متن کاملAmbiguous Life Expectancy and the Demand for Annuities
In this paper, ambiguity aversion to uncertain survival probabilities is introduced in a life-cycle model with a bequest motive to study the optimal demand for annuities. Provided that annuities return is sufficiently large, and notably when it is fair, positive annuitization is optimal in the ambiguity neutrality limit case. Conversely, the optimal strategy is to sell annuities in case of infi...
متن کاملGuaranteed Minimum Withdrawal Benefit in Variable Annuities
We develop a singular stochastic control model for pricing variable annuities with the guaranteed minimum withdrawal benefit. This benefit promises to return the entire initial investment, with withdrawals spread over the term of the contract, irrespective of the market performance of the underlying asset portfolio. A contractual withdrawal rate is set and no penalty is imposed when the policyh...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.546245