Combined Accumulation- and Decumulation-Plans with Risk-Controlled Capital Protection

We base our analysis on an investor, usually a retiree, endowed with a certain amount of wealth W, who considers both his own consumption needs (fixed periodic withdrawals) and the requirement of his heirs (defined bequest). ... We outline this investment problem in a mathematical model and illustrate the solution for a reasonable choice of empirical parameters.

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Year of publication:	2003-10-01
Authors:	Albrecht, Peter ; Weber, Carsten
Published in:	University of Mannheim - Chair of Risk Theory, Portfolio Management and Insurance - Publications Mannheimer Manuskripte zu Risikotheorie, Portfoliomanagement und Versicherungswirtschaft ; 151 (2003)
Publisher:	Institut für Versicherungswissenschaft <Mannheim>
Subject:	Versicherungsbetriebslehre \| insurance management \| Value at Risk \| Financial Engineering

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Extent:	41984 bytes 10 p. application/pdf
Type of publication:	Article
Language:	English
Notes:	AFIR Colloquium- Maastricht, Netherlands - September 17-19, 2003- papers
Classification:	Management of insurance ; Insurance Industry ; Individual Conference Proceedings ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005847261