Schumacher, Petra - Universität <München> / Fakultät für Betriebswirtschaft - 2008
In enhanced annuities, the annuity payment depends on one's state ofhealth at some contracted date while in "standard annuities", it does not.The focus of this paper is on an annuity market where "standard" and en-hanced annuities are oered simultaneously. When all insured know equallywell on...
