19 citations · 21 across the 11 of their papers we have counts for
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q-fin.PR2021
Refundable income annuities: Feasibility of money-back guarantees
Moshe A. Milevsky, Thomas S. Salisbury
Refundable income annuities (IA), such as cash-refund and instalment-refund, differ in material ways from the life-only version beloved by economists. In addition to lifetime incom…
q-fin.PM2021
Optimal allocation to deferred income annuities
F. Habib, H. Huang, A. Mauskopf +2
In this paper we employ a lifecycle model that uses utility of consumption and bequest to determine an optimal Deferred Income Annuity (DIA) purchase policy. We lay out a mathemati…