The policyholder dividend of participating insurance is essentially different from the usual equity and bond profit. There are disputes on taxing methods in theory and practice, and different countries adopt different taxing methods. This paper designs a basic framework of the personal income tax system on participating insurance policy. This policy is based on the reality that the participatin...

Guaranteed funds with crediting rates for fixed periods determined by a Pension Provider or Insurance Company are common features of accumulation annuity contracts. Policyholders can transfer money back and forth between these accounts and Money Market accounts which give them features similar to demand deposits and yet they frequently credit a higher rate than the Money Market. Transfer restri...

Under a guaranteed annuity option, an insurer guarantees to convert a policyholder’s accumulated funds to a life annuity at a fixed rate when the policy matures. If the annuity rates provided under the guarantee are more beneficial to the policyholder than the prevailing rates in the market the insurer has to make up the difference. Such guarantees are common in many US tax sheltered insurance ...

in addition to its primary role of providing financial protection for other industries the insurance industry also serves as a medium for fund mobilization. in spite of the harsh economic environment in nigeria, the insurance industry has been crucial to the consummation of business plans and wealth creation.  however, the continued downturn experienced by many countries, in the last decade, se...

3. With the largest number of life insurance policies enforced in the world, India's insurance sector accounted for 4.1 per cent of GDP in 2006-07, up from 1.2 per cent in 1999-2000 and further increase is expected which reflect insurance sector has immense potential for growth. This study is better reasoning of policyholder decision making because of the wide size of diversified insurance mark...

We analyze the optimal coverage level for an unreliable insurance contract if a utility-maximizing policyholder can transfer intrinsic nonperformance risk to several co-insurers. Our discussion starts with demand model under default and introduction of multiple risk-sharing instrument called co-insurance policy. Subsequently, we examine interrelation between recovery rate level, utility policyh...