The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …

The employer-sponsored life insurance (ESLI) market is particularly susceptible to adverse selection due to community …

Adverse selection plays a prominent role in the insurance literature due to its negative implications for insurer … selection in the U.S. insurance market. Potential reasons for the lack of evidence include: (1) that insurers effectively use …, private information. We test for the existence of adverse selection in the credit life insurance market where opportunities to …

A life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some … address the pricing risk and solvency risk insurance companies face when providing life care annuities …

We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An … individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her …. We derive two equivalent long-term life insurance contracts that are incentive compatible and achieve a higher welfare …

Life insurance contracts can be exceptionally long term and are typically written with a level premium structure …. Because death risk increases with age, the actuarial value of a life insurance policy increases over time and becomes positive … far enough into the policy. Life insurance is also unique in that the payout is valued through a bequest motive. If …