Marriage Reverse Annuity Contract and Reverse Mortgage – Application of a Generalized Model of Reversionary Annuity

Agnieszka Marciniuk

Abstract

The purpose of the paper is applying the generalized model of reversionary annuity to determine the benefit of marriage reverse annuity contracts and reverse mortgages. First of all, benefits depend on the age of spouses, their future lifetime and the real value of their properties which, in turn, determines the place where they live. In addition, the frequency of payments affects the amount of benefit. Therefore, the periodic benefits are determined for some regions of Poland on the basis of real Polish data from 2015, which mostly comes from The Central Statistical Office of Poland. Calculations of annuities are based on the fixed interest rate and the interest rate function depending on time t for Polish real data. The results are later compared
Author Agnieszka Marciniuk (MISaF / IZM / KS)
Agnieszka Marciniuk,,
- Katedra Statystyki
Pages297-306
Publication size in sheets0.5
Book Gardoń Albert, Kozyra Cyprian, Mazurek Edyta (eds.): Applications of Mathematics and Statistics in Economics 2017. Conference proceedings full text papers, 2017, Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, ISBN 978-83-7695-693-0, 494 p.
Keywords in Englishreverse annuity contract, reverse mortgage, reversionary annuity
DOIDOI:10.15611/amse.2017.20.24
URL http://amse.ue.wroc.pl/papers/2017/Marciniuk.pdf
Languageen angielski
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Marciniuk_Marriage_ Reverse_ Annuity_ Contract_ and_ Reverse_ Mortgage2017.pdf 334,38 KB
Score (nominal)20
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