Pricing and dynamic hedging strategies for a bond-linked life insurance policy with a guarantee

Variable life insurance (VL) has gained great popularity for its fluctuating but minimum guaranteed death benefit under the high level of inflation in the late 1970's. It also offers policyowner a choice of vehicles in which the cash value can be invested. The risk from the death value guarantee is systematic and thus may jeopardize the financial soundness of the insurer unless proper pricing and investment strategies are adopted.

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Year of publication:	1991
Authors:	Lee, Keun-Chang
Other Persons:	D'Arcy, Stephen P. (contributor)
Subject:	Finance

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Type of publication:	Other
Language:	English
Source:	BASE

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