Zhou, Jiang; Wu, Lan - In: Insurance: Mathematics and Economics 61 (2015) C, pp. 125-134
We investigate the total time of deducting fees for variable annuities with state-dependent fee. This fee charging method is studied recently by Bernard et al. (2014) and Delong (2014) in which the fees deducted from the policyholder’s account depend on the account value. However, both of them...