To borrow or insure? Long term care costs and the impact of housing

DOI10.1016/J.INSMATHECO.2018.11.006zbMath1419.91383OpenAlexW3122307536WikidataQ128747271 ScholiaQ128747271MaRDI QIDQ1735028

Xianqiang Yang

Publication date: 28 March 2019

Published in: Insurance Mathematics \& Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.insmatheco.2018.11.006

zbMATH Keywords

life-cycle modelreverse mortgagelong-term care insuranceindividual longevity riskresidential house

Mathematics Subject Classification ID

Related Items (8)

De-risking long-term care insurance ⋮ On non-negative equity guarantee calculations with macroeconomic variables related to house prices ⋮ Joint life care annuities to help retired couples to finance the cost of long-term care ⋮ Insuring longevity risk and long-term care: bequest, housing and liquidity ⋮ Pension schemes versus real estate ⋮ Valuation of guaranteed lifelong withdrawal benefit with the long-term care option ⋮ Dynamic consumption and portfolio choice under prospect theory ⋮ Novel utility-based life cycle models to optimise income in retirement

Cites Work

• Reverse mortgage pricing and risk analysis allowing for idiosyncratic house price risk and longevity risk
• Is the home equity conversion mortgage in the United States sustainable? Evidence from pricing mortgage insurance premiums and non-recourse provisions using the conditional Esscher transform
• The method of endogenous gridpoints for solving dynamic stochastic optimization problems
• Dynamic asset allocation when bequests are luxury goods
• Product pricing and solvency capital requirements for long-term care insurance
• Modeling Disability in Long-Term Care Insurance
• Multistate Actuarial Models of Functional Disability

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