The changing social, financial and regulatory frameworks, such as an increasingly aging society, the current low interest rate environment, as well as the implementation of Solvency II, lead to the search for new product forms for private pension provision. In order to address the various...

This article considers estate planning issues in connection with 3 major types of non-probate assets, including naming the correct beneficiary, additional points to consider in connection with beneficiary designations, and planning for events such as incapacity

We discuss the optimal withdrawal rate in the existence of longevity risks. The longevity is realized as the factor of conditional survival rate in the model. We solve a optimal consumption problem under longevity risks, while managing the assets. The objective of the current work is giving a...

Longevity insurance pays cash benefits to an insured individual who attains a defined age. Thereafter, benefits may continue throughout the insured's life. For anyone concerned that living too long might become an economic hardship, longevity insurance, at the right price, can make sense. Yet,...