Secondary Markets and the Option Value of Life Insurance

2016 ◽  
Author(s):  
Cameron McNeill Ellis
Keyword(s):  
Life Insurance ◽  
Value Of Life ◽  
Option Value ◽  
Secondary Markets

scholarly journals The Effect of Secondary Markets on Equity-Linked Life Insurance With Surrender Guarantees

2013 ◽  
Vol 81 (4) ◽  
pp. 943-968 ◽  
Author(s):  
Christian Hilpert ◽  
Jing Li ◽  
Alexander Szimayer
Keyword(s):  
Life Insurance ◽  
Secondary Markets

Cannibalization and option value effects of secondary markets: Evidence from the US concert industry

2014 ◽  
Vol 36 (11) ◽  
pp. 1599-1614 ◽  
Author(s):  
Victor M. Bennett ◽  
Robert Seamans ◽  
Feng Zhu
Keyword(s):  
Option Value ◽  
Secondary Markets ◽  
The Us

scholarly journals Optimal control of continuous life insurance model

2017 ◽  
Vol 14 (4) ◽  
pp. 21-29
Author(s):  
Viktor Oliynyk ◽  
Fedir Zhuravka ◽  
Tetiana Bolgar ◽  
Olha Yevtushenko
Keyword(s):  
Optimal Control ◽  
Interest Rates ◽  
Life Insurance ◽  
Control Parameter ◽  
Value Of Life ◽  
Time Interval ◽  
System Of Differential Equations ◽  
Present Value ◽  
Insurance Model ◽  
The Pontryagin Maximum Principle

The problems of mixed life insurance and insurance in the case of death are considered in the article. The actuarial present value of life insurance is found by solving a system of differential equations. The cases of both constant effective interest rates and variables, depending on the time interval, are examined. The authors used the Pontryagin maximum principle method as the most efficient one, in order to solve the problem of optimal control of the mixed life insurance value. The variable effective interest rate is considered as the control parameter. Some numerical results were given.

scholarly journals Economics For The Elderly: New Business Products And Options

2011 ◽  
Vol 7 (5) ◽  
Author(s):  
Steven L. Kroleski ◽  
Huldah A. Ryan ◽  
William A. Bottiglieri
Keyword(s):  
Life Insurance ◽  
Hedge Funds ◽  
The Elderly ◽  
Insurance Companies ◽  
Font Size ◽  
Home Equity ◽  
Reverse Mortgage ◽  
Management Tools ◽  
Secondary Markets ◽  
New Business

<p class="MsoBodyText" style="text-align: justify; line-height: normal; margin: 0in 0.5in 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">In this paper, we examine three types of money management tools that could be used in estate and financial planning matters.<span style="mso-spacerun: yes;">&nbsp; </span>The first two, the life settlement, which enables the sale of life insurance policies in secondary markets, and the reverse mortgage, which is a loan taken out against the home equity accumulated and requires no repayment as long as the homeowner lives in the home, have been used as investment vehicles by insurance companies, banks, hedge funds, and other investment entities.<span style="mso-spacerun: yes;">&nbsp; </span>The third tool, the power of appointment, provides counsel on the proper format for preparing the deed to minimize the tax implications related to the transfer of assets from the parent to the heirs.<span style="mso-spacerun: yes;">&nbsp; </span></span></span></p>

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