Paid-up Policies and Surrender Value
نویسندگان
چکیده
منابع مشابه
Early Default Risk and Surrender Risk: Impacts on Participating Life Insurance Policies
We study the fair valuation of participating life insurance policies with surrender guarantees when an early default mechanism is imposed by a regulator. An insurance company is forced to be liquidated once a solvency threshold is reached before maturity. The early default regulation affects the contracts’ value not only directly via changing the contracts’ payment streams but also indirectly v...
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We consider the fair valuation of a participating life insurance policy with surrender options when the market values of the asset are modelled by Markov-modulated Geometric Brownian Motion (GBM). We reduce the dimension of the optimal stopping problem for the policy by changing probability measures. We also provide a decomposition result for the value of the policy. The Barone-Adesi-Whaley app...
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There is a vital dialectic between agency and surrender in life and in the analytic process. Without an ability to will, one cannot choose one’s actions; one becomes a passive victim of circumstances rather than an agent who can influence one’s own destiny. On the other hand, an exaggerated sense of agency fails to take into account the limits of our ability to control life, and is associated w...
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We have reviewed the demographic characteristics of, and report abnormalities noted in, the de-novo growth and development of a paid oocyte donation programme. The personal profiles of all prospective oocyte donors were reviewed. Acceptance or rejection of candidates was based upon screening the results of medical, genetic and psychological testing. A total of 603 candidates initially responded...
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ژورنال
عنوان ژورنال: Transactions of the Faculty of Actuaries
سال: 1907
ISSN: 0071-3686,2058-1033
DOI: 10.1017/s0071368600000707