Chen, An; Nguyen, Thai; Sehner, Thorsten - In: Risks : open access journal 10 (2022) 4, pp. 1-27
have been frequently brought up as a promising option in this respect. Inspired by unit-linked life insurance and … retirement products, we introduce unit-linked tontines in this article, where the tontine payoffs are directly linked to the … in the (non-)inclusion of guaranteed payments. We first price the unit-linked tontines by using the risk-neutral pricing …