Life Insurance Purchasing to Maximize Utility of Household Consumption
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DOI: 10.1080/10920277.2013.793159
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- Erhan Bayraktar & Virginia R. Young, 2012. "Life Insurance Purchasing to Maximize Utility of Household Consumption," Papers 1205.5958, arXiv.org, revised Jun 2013.
References listed on IDEAS
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- Gerber, Hans U., 1974. "On Additive Premium Calculation Principles," ASTIN Bulletin, Cambridge University Press, vol. 7(3), pages 215-222, March.
- Campbell, Ritchie A, 1980. "The Demand for Life Insurance: An Application of the Economics of Uncertainty," Journal of Finance, American Finance Association, vol. 35(5), pages 1155-1172, December.
- Jennifer L. Wang & H.C. Huang & Sharon S. Yang & Jeffrey T. Tsai, 2010. "An Optimal Product Mix for Hedging Longevity Risk in Life Insurance Companies: The Immunization Theory Approach," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(2), pages 473-497, June.
- Merton, Robert C, 1969. "Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case," The Review of Economics and Statistics, MIT Press, vol. 51(3), pages 247-257, August.
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- Nielsen, Peter Holm & Steffensen, Mogens, 2008. "Optimal investment and life insurance strategies under minimum and maximum constraints," Insurance: Mathematics and Economics, Elsevier, vol. 43(1), pages 15-28, August.
- Pliska, Stanley R. & Ye, Jinchun, 2007. "Optimal life insurance purchase and consumption/investment under uncertain lifetime," Journal of Banking & Finance, Elsevier, vol. 31(5), pages 1307-1319, May.
- Kwak, Minsuk & Shin, Yong Hyun & Choi, U Jin, 2011. "Optimal investment and consumption decision of a family with life insurance," Insurance: Mathematics and Economics, Elsevier, vol. 48(2), pages 176-188, March.
Citations
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Cited by:
- Erhan Bayraktar & S. David Promislow & Virginia R. Young, 2015.
"Purchasing Term Life Insurance to Reach a Bequest Goal: Time-Dependent Case,"
North American Actuarial Journal, Taylor & Francis Journals, vol. 19(3), pages 224-236, July.
- Erhan Bayraktar & Virginia R. Young & David Promislow, 2015. "Purchasing Term Life Insurance to Reach a Bequest Goal: Time-Dependent Case," Papers 1503.02237, arXiv.org.
- Bayraktar, Erhan & Promislow, S. David & Young, Virginia R., 2014.
"Purchasing life insurance to reach a bequest goal,"
Insurance: Mathematics and Economics, Elsevier, vol. 58(C), pages 204-216.
- Erhan Bayraktar & David Promislow & Virginia Young, 2014. "Purchasing Life Insurance to Reach a Bequest Goal," Papers 1402.5300, arXiv.org, revised Jul 2014.
- Liang, Xiaoqing & Young, Virginia R., 2018. "Annuitization and asset allocation under exponential utility," Insurance: Mathematics and Economics, Elsevier, vol. 79(C), pages 167-183.
- Chen, An & Ferrari, Giorgio & Zhu, Shihao, 2023. "Striking the Balance: Life Insurance Timing and Asset Allocation in Financial Planning," Center for Mathematical Economics Working Papers 684, Center for Mathematical Economics, Bielefeld University.
- An Chen & Giorgio Ferrari & Shihao Zhu, 2023. "Striking the Balance: Life Insurance Timing and Asset Allocation in Financial Planning," Papers 2312.02943, arXiv.org.
- Wei, Jiaqin & Cheng, Xiang & Jin, Zhuo & Wang, Hao, 2020. "Optimal consumption–investment and life-insurance purchase strategy for couples with correlated lifetimes," Insurance: Mathematics and Economics, Elsevier, vol. 91(C), pages 244-256.
- Erhan Bayraktar & David Promislow & Virginia Young, 2014. "Purchasing Term Life Insurance to Reach a Bequest Goal while Consuming," Papers 1412.2262, arXiv.org, revised Feb 2016.
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