Narrow search
Showing 1 - 10 of 114,672
Cover Image
The modern tontine : an innovative instrument for longevity risk management in an aging society
Weinert, Jan-Hendrik; Gründl, Helmut - 2016 - This version: July 22, 2016
The changing social, financial and regulatory frameworks, such as an increasingly aging society, the current low interest rate environment, as well as the implementation of Solvency II, lead to the search for new product forms for private pension provision. In order to address the various...
Persistent link: https://www.econbiz.de/10011512972
Cover Image
The modern tontine
Weinert, Jan-Hendrik; Gründl, Helmut - In: European Actuarial Journal 11 (2020) 1, pp. 49-86
tontines can be a complement to or a substitute for traditional annuities. We find that it is only optimal to invest in … tontines for a certain range of initial wealth. In addition, we investigate in how far the tontine size, the volatility of … individual liquidity needs and expected mortality rates contribute to the demand for tontines. …
Persistent link: https://www.econbiz.de/10014503934
Cover Image
The fair surrender value of a tontine
Weinert, Jan-Hendrik - 2017 - This version: May 8, 2017
A tontine provides a mortality driven, age-increasing payout structure through the pooling of mortality. Because a tontine does not entail any guarantees, the payout structure of a tontine is determined by the pooling of individual characteristics of tontinists. Therefore, the surrender decision...
Persistent link: https://www.econbiz.de/10011696500
Cover Image
The fair surrender value of a tontine
Weinert, Jan-Hendrik - 2017
A tontine provides a mortality driven, age-increasing payout structure through the pooling of mortality. Because a tontine does not entail any guarantees, the payout structure of a tontine is determined by the pooling of individual characteristics of tontinists. Therefore, the surrender decision...
Persistent link: https://www.econbiz.de/10011698089
Cover Image
The Modern Tontine : An Innovative Instrument for Longevity Risk Management in an Aging Society
Weinert, Jan-Hendrik - 2017
The changing social, financial and regulatory frameworks, such as an increasingly aging society, the current low interest rate environment, as well as the implementation of Solvency II, lead to the search for new product forms for private pension provision. In order to address the various...
Persistent link: https://www.econbiz.de/10012941322
Cover Image
Individual welfare gains from deferred life-annuities under stochastic Lee-Carter mortality
Post, Thomas - 2009
and calculate the welfare gains of deferred annuities under stochastic Lee- Carter mortality. Our results are relevant … annuities, which is of relevance to insurance pricing. -- Stochastic Mortality ; Deferred Annuitization ; Retirement Decisions …
Persistent link: https://www.econbiz.de/10003828653
Cover Image
Life insurance demand under health shock risk
Kraft, Holger; Schendel, Lorenz S.; Steffensen, Mogens - 2014 - This version: February 7, 2014
This paper studies the life cycle consumption-investment-insurance problem of a family. The wage earner faces the risk of a health shock that significantly increases his probability of dying. The family can buy term life insurance with realistic features. In particular, the available contracts...
Persistent link: https://www.econbiz.de/10010250168
Cover Image
The Impact of Longevity Risk on the Term Structure of the Risk-Return Tradeoff
Bisetti, Emilio - In: Rivista di Politica Economica (2012) 4, pp. 79-119
The increase in worldwide life expectancy finds a major drawback in the higher-than-expected liabilities that annuity providers will face in the next few years by paying more retirees for a longer period of time. Longevity-Linked Securities have recently been subject to great interest from...
Persistent link: https://www.econbiz.de/10010610780
Cover Image
The impact of individual investment behavior for retirement welfare: evidence from the United States and Germany
Post, Thomas; Gründl, Helmut; Schmit, Joan; Zimmer, Anja - 2008
Much of the industrialized world is undergoing a significant demographic shift, placing strain on public pension systems. Policymakers are responding with pension system reforms that put more weight on privately managed retirement funds. One concern with these changes is the effect on individual...
Persistent link: https://www.econbiz.de/10010263734
Cover Image
The Impact of Individual Investment Behavior for Retirement Welfare: Evidence from the United States and Germany
Post, Thomas; Gründl, Helmut; Schmit, Joan; Zimmer, Anja - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
Much of the industrialized world is undergoing a significant demographic shift, placing strain on public pension systems. Policymakers are responding with pension system reforms that put more weight on privately managed retirement funds. One concern with these changes is the effect on individual...
Persistent link: https://www.econbiz.de/10005678010