Insurer Investment, Life Insurance Policy Choices, and Policy Surrender
學年 110
學期 1
出版（發表）日期 2021-12-01
作品名稱 Insurer Investment, Life Insurance Policy Choices, and Policy Surrender
作品名稱（其他語言）
著者 Fu-Wei Huang; Shi Chen; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數 Emerging Markets Finance and Trade v.58 n.9, p.2637-2651
摘要 This study develops a contingent framework to examine the contract issuance of alternative unit-linked insurance plans (ULIPs) considering policy surrender. We show that the extension of the aggressive/conservative-plan policy surrender date enhances policyholder protection and insurer default risk when the two optimal guaranteed rates of the programs remain fixed. Increasing aggressive-plan policy surrenders improves policyholder protection and insurer survival when the optimal invested-asset interest rate remains unchanged. Increasing conservative-plan policy surrenders negatively impacts policyholder protection but supports insurer survival. Our results complement the literature by demonstrating that ULIPs are relevant to policyholder protection and insurer survival in the asset-liability matching management.
關鍵字 Unit-linked insurance plans;policy surrender options;policyholder protection;insurer survival
語言 en
ISSN 1558-0938
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 GBR
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122191 )

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