Pricing long term care insurance contracts

DOI10.1016/0167-6687(94)90406-5zbMath0796.62093OpenAlexW1965789908MaRDI QIDQ1329406

G. Mizrahi, Benny Levikson

Publication date: 11 October 1994

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

Full work available at URL: https://doi.org/10.1016/0167-6687(94)90406-5

zbMATH Keywords

Bellman's equationtransition probabilitiesbackward inductionMarkov chain modelsannual premiumsdiscounted value of future benefitsexpected DVFBLTC contractLTC coverageMarkovian multistate modelnet single premiumpotential theoretic approachpricing long term care insurance contracts

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Applications of mathematical programming (90C90) Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20)

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Cites Work

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