Baumann, Florian; Meier, Volker; Werding, Martin - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2006
We consider lifetime health insurance contracts in which ageing provisions are used tosmooth the premium profile. The capital stock accumulated for each individual can bedecomposed into two parts: a premium insurance and an annuitised life insurance, onlythe latter being transferable between...