21 citations · 21 across the 1 of their papers we have counts for
2 papers
q-fin.PM2014
Purchasing Life Insurance to Reach a Bequest Goal
Erhan Bayraktar, David Promislow, Virginia Young
We determine how an individual can use life insurance to meet a bequest goal. We assume that the individual's consumption is met by an income, such as a pension, life annuity, or S…
q-fin.PR2007★ 21 cited
Financial Valuation of Mortality Risk via the Instantaneous Sharpe Ratio: Applications to Pricing Pure Endowments
Moshe A. Milevsky, S. David Promislow, Virginia R. Young
We develop a theory for pricing non-diversifiable mortality risk in an incomplete market. We do this by assuming that the company issuing a mortality-contingent claim requires comp…