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  • Search: subject:"Deferred variable annuity"
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Deferred variable annuity 1 Guaranteed minimum withdrawal benefits 1 Rollup interest rate guarantees 1 Surrender options 1 Tree model 1
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Dai, Tian-Shyr 1 Yang, Sharon S. 1
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Insurance: Mathematics and Economics 1
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A flexible tree for evaluating guaranteed minimum withdrawal benefits under deferred life annuity contracts with various provisions
Yang, Sharon S.; Dai, Tian-Shyr - In: Insurance: Mathematics and Economics 52 (2013) 2, pp. 231-242
Valuing guaranteed minimum withdrawal benefit (GMWB) has attracted significant attention from both the academic field and real world financial markets. However, some popular provisions of GMWB contracts, like the deferred life annuity structure, rollup interest rate guarantees, and surrender...
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