At, or about, the age of retirement, most individuals must decide what additional fraction of their marketable wealth, if any, should be annuitized. Annuitization means purchasing a nonrefundable life annuity from an insurance company, which then guarantees a lifelong consumption stream that cannot be outlived. The decision of whether or not to annuitize additional liquid assets is a difficult ...

Abstract Dynamic hybrid products emerged in 2007 and are now well established the German life insurance market. In this article, we study interaction effects between dynamic traditional deferred annuity contracts, that sold by same company. The key question investigate is whether presence of has a negative effect on payout products. We do so using data drawn from Monte Carlo simulation based mo...