Pricing of Joint Life Long-Term Care Insurance Based on a Multistate Markov Model

DOI10.1080/10920277.2023.2208192MaRDI QIDQ6583012zbMATH OpenFDO

Authors Xue Zhi Qin, Xiaohui Zhao

Publication date 5 August 2024

Published in North American Actuarial Journal (Search for Journal in Brave)

Mathematics Subject Classification ID

Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20) Actuarial mathematics (91G05)

Recommendations

• Research on design innovation and pricing of our country's long-term care insurance
• Calculation of LTC Premiums Based on Direct Estimates of Transition Probabilities
• Pricing long term care insurance contracts
• Joint life care annuities to help retired couples to finance the cost of long-term care
• Calibrating intensities for long-term care multiple-state Markov insurance model

Cites work

• A nonparametric visual test of mixed hazard models
• Calculation of LTC Premiums Based on Direct Estimates of Transition Probabilities
• Innovation in long-term care insurance: joint contracts for mitigating relational moral hazard
• JOINT LIFE INSURANCE PRICING USING EXTENDED MARSHALL–OLKIN MODELS
• Predictive Modeling in Long-Term Care Insurance

Cited in

(2)

• Joint life care annuities to help retired couples to finance the cost of long-term care
• Research on design innovation and pricing of our country's long-term care insurance

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