Purchasing term life insurance to reach a bequest goal : time-dependent case

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      <subfield code="b">: time-dependent case</subfield>
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      <subfield code="a">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.</subfield>
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      <subfield code="g">05/10/2015 Tomo 19 Número 3 - 2015 , p. 224-236</subfield>
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