Converting retirement benefit into a life care annuity with graded benefits

DOI10.1080/03461238.2016.1258370MaRDI QIDQ4577207zbMATH OpenOpenAlexFDO

Authors Javier Pla-Porcel, M. Ventura-Marco, Carlos Vidal-Meliá

Publication date 17 July 2018

Published in Scandinavian Actuarial Journal (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/03461238.2016.1258370

zbMATH Keywords

retirementmultistate modellong-term care insurancelife care annuities

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05)

Recommendations

• Valuation of variable long-term care annuities with guaranteed lifetime withdrawal benefits: a variance reduction approach
• LIFE CARE ANNUITIES (LCA) EMBEDDED IN A NOTIONAL DEFINED CONTRIBUTION (NDC) FRAMEWORK
• Doubly enhanced annuities (DEANs) and the impact of quality of long-term care under a multi-state model of activities of daily living (ADL)
• Managing longevity and disability risks in life annuities with long term care
• Product pricing and solvency capital requirements for long-term care insurance

Cites work

• scientific article; zbMATH DE number 1323217 (Why is no real title available?)
• Basic Stochastic Processes
• Calculation of LTC Premiums Based on Direct Estimates of Transition Probabilities
• Differential equations for moments of present values in life insurance
• Hattendorff's theorem and Thiele's differential equation generalized
• Health insurance. Basic actuarial models
• LIFE CARE ANNUITIES (LCA) EMBEDDED IN A NOTIONAL DEFINED CONTRIBUTION (NDC) FRAMEWORK
• Managing longevity and disability risks in life annuities with long term care
• Modeling disability in long-term care insurance
• Multistate actuarial models of functional disability
• On the Estimation of Disability-Free Life Expectancy
• On the application of Thiele's differential equation in life insurance
• Product pricing and solvency capital requirements for long-term care insurance
• Reserve-dependent benefits and costs in life and health insurance contracts

Cited in

(4)

• LIFE CARE ANNUITIES (LCA) EMBEDDED IN A NOTIONAL DEFINED CONTRIBUTION (NDC) FRAMEWORK
• Joint life care annuities to help retired couples to finance the cost of long-term care
• Doubly Enhanced Medicaid Partnership Annuities (DEMPANs): A New Tool for Providing Long Term Care to Retired U.S. Seniors in the Medicaid Penumbra
• Pooling functional disability and mortality in long-term care insurance and care annuities: a matrix approach for multi-state pools

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Uses Software

• Wolfram Demonstrations

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