Valuation of a Mixture of GMIB and GMDB Variable Annuity
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DOI: 10.3390/math12030441
Abstract: The Guaranteed Minimum Income Benefit (GMIB) and Guaranteed Minimum Death Benefit (GMDB) are options that may be included at the inception of a variable annuity (VA) contract. In exchange for small fees charged by the… read more here.
Keywords: gmib gmdb; annuity; guaranteed minimum; variable annuity ... See more keywords
The Impact of Management Fees on the Pricing of Variable Annuity Guarantees
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DOI: 10.3390/risks6030103
Abstract: Variable annuities, as a class of retirement income products, allow equity market exposure for a policyholder’s retirement fund with optional guarantees to limit the downside risk of the market. Management fees andguarantee insurance fees are… read more here.
Keywords: management fees; market; annuity guarantees; management ... See more keywords