Joint and survivor annuity valuation with a bivariate reinforced urn process
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DOI: 10.1016/j.insmatheco.2021.04.004
Abstract: Abstract We introduce a novel way of modeling the dependence of coupled lifetimes, for the pricing of joint and survivor annuities. Using a well-known Canadian data set, our results are analyzed and compared with the… read more here.
Keywords: survivor annuity; annuity valuation; reinforced urn; bivariate reinforced ... See more keywords