Gatzert, Nadine; Huber, Carin; Schmeiser, Hato - In: The Geneva Papers on Risk and Insurance - Issues and … 36 (2011) 1, pp. 3-29
Interest rate guarantees in unit-linked life insurance products ensure that at contract maturity, at least a minimum guaranteed amount is paid, even if the mutual fund falls below the guaranteed level. Strongly depending on the riskiness of the underlying mutual fund, these guarantees can be of...