Lebensversicherung im Kontext der Alterssicherung4 Entwicklung der Lebensversicherung5 Entwicklung der gesetzlichen Rentenversicherung6 …

GMDB (Guaranteed Minimum Death Benefit) clause featuring partial withdrawals by using a utility-based approach. In section … policyholder's guaranteed death benefits. We derive the optimal transfer choice by the insured, and furthermore price the GMDB … model and find that both human capital and the GMDB will influence the insured's allocation and withdrawal decisions …

microeconomic theory provides a useful means of analysis, it offers little for the practice of pricing, which is much more closely …Neo-classical microeconomic theory has been suggested to offer (1) an appropriate analytical tool for construction … price determination while, at the same time, (2) full-cost pricing is most commonly accepted pricing policy of construction …

gender discrimination in the pricing of life insurance and annuities, namely, that individuals should bear their own … argued that unisex pricing of life insurance products is a bad idea because on the average women live longer than men. They ….Using a simple example, I show here that gender-based pricing results in radically different outcomes for male and female …