literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

family, in the event of an untimely death. Ideally, the individual would like to insure the risk of having high future …

redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …. -- longevity risk ; risk sharing ; overlapping generations ; intergenerational transfers ; annuity markets …

is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal … insurance. -- remittances ; insurance ; risk management strategies …

longevity risk, agents want to annuitize their wealth conform the classic result by Yaari (1965). In the first-best case with …