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Dépendance et franchise

Author

Listed:
  • Justina Klimaviciute
  • Pierre Pestieau

Abstract

In this article, we present several formulas that insurance companies could adopt to repay the costs of dependency. The two most common formulas are the lump-sum formula of paying a fixed and permanent annuity and the indemnity formula which consists of reimbursing a ceiling for all expenses incurred during a certain period. Neither of these two formulas avoids that in case of long dependence the insured does not spend all his wealth, or even depend on his children. To cover this risk of long-term dependence, we recommend applying the principle of deductible that beyond a certain period of dependence, all costs would be reimbursed by the insurer. Classification JEL : G22, I13, I18.

Suggested Citation

  • Justina Klimaviciute & Pierre Pestieau, 2019. "Dépendance et franchise," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 147-153.
    • Handle: RePEc:cai:refaef:ecofi_133_0147
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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

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