Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Determinants Of Long-Term Care Insurance: Are Spouses Substitutes?, Jacob Harold-Matthew Haag
Determinants Of Long-Term Care Insurance: Are Spouses Substitutes?, Jacob Harold-Matthew Haag
Honors Program Theses
As the U.S. population continues to age due to medical advancements and the aging of the largest generation in the history of the U.S. (baby boomers), the number of people in long-term care facilities has increased significantly; however, the percentage of people with long-term care insurance is small. Research conducted in the early 2000s focused on factors such as availability of children, risk aversion, health status, age, having Medicaid, and other variables that describe personal attributes to explain why the market is so small. This paper will use recent data from the Health and Retirement Study to determine whether or …
An Analysis Of Equity-Linked Insurance Pricing, Clara C. Ortgies
An Analysis Of Equity-Linked Insurance Pricing, Clara C. Ortgies
Honors Program Theses
This comprehensive study of equity-linked insurance options will explore the pricing of certificates of deposit and life insurance options using a present value method. With this study, I will be able to construct and price various equity-linked insurance products, with a focus on life insurance, that insurance companies could then sell to prospective customers. I will use concepts and formulas based in actuarial math, probability theory, and financial engineering in order to construct, price, and analyze new equity-linked insurance products. The fundamental methodology I will use involves applying pricing theory based on the expected value of the insurance payoff present …