Combination Reverse Annuity Contract and Critical Illness Insurance

Joanna Dębicka , Agnieszka Marciniuk , Beata Zmyślona

Abstract

The purpose of the article is to combine two different products: critical illness insurance and reverse annuity contract. Such a combination of different categories of payments arising from the security agreements against the effects of longevity and the incidence of terminal illness leads to complex protecting packages. In particular, we focus on cancer insurance policies, which can be shaped in several different ways mainly connected with type of benefits. Then we construct an appropriate multiple state model and calculate the actuarial values of benefits. Probabilistic structure is based on the actual data for the Lower Silesia Voivodship in Poland and the Lower Silesia Life Tables
Author Joanna Dębicka (MISaF / IZM / KS)
Joanna Dębicka,,
- Katedra Statystyki
, Agnieszka Marciniuk (MISaF / IZM / KS)
Agnieszka Marciniuk,,
- Katedra Statystyki
, Beata Zmyślona (MISaF / IZM / KS)
Beata Zmyślona,,
- Katedra Statystyki
Pages1-9
Publication size in sheets0.5
Book Hronova Stanislava, Vltavska Kristyna (eds.): 18th AMSE. Applications of Mathematics and Statistics in Economics. Conference Proceedings full text papers, 2015, University of Economics, Prague, Oeconomica Publishing House, ISBN 978-80-245-2099-5
Keywords in Englishreverse annuity contract, critical illness insurance, multiple state model
URL http://amse2015.cz/proceedings
Languageen angielski
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Debicka_Marciniuk_Zmyslona_Combination_Reverse_Annuity_Contract_2015.pdf 456,46 KB
Score (nominal)15
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