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Purchasing term life insurance to reach a bequest goal : time-dependent case
Recurso electrónico / Electronic Resource
MAP20160001105
Bayraktar, Erhan ‌
Purchasing term life insurance to reach a bequest goal : time-dependent case / Erhan Bayraktar, S. David Promislow, Virginia R. Young
Sumario: We consider the problem of how an individual can use term life insurance to maximize the probability of reaching a given bequest goal, an important problem in financial planning. We assume that the individual buys instantaneous term life insurance with a premium payable continuously. We allow the force of mortality to vary with time, which, as we show, greatly complicates the problem
En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 05/10/2015 Tomo 19 Número 3 - 2015 , p. 224-236
1. Seguro de vida ‌. 2. Planificación financiera ‌. 3. Cálculo actuarial ‌. 4. Matemática del seguro ‌. I. Promislow, David S. ‌. II. Young, Virginia R. ‌. III. Title.