Pricing long term care insurance contracts
β Scribed by B. Levikson; G. Mizrahi
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 997 KB
- Volume
- 14
- Category
- Article
- ISSN
- 0167-6687
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper presents a new approach for pricing insurance contracts, based both on economic and probabilistic arguments. The novel property of this approach is that it uses the demand for insurance to find the optimal premium an insurer should charge. Our approach stands in contrast to the standard l
## Abstract Expansion of private longβterm care insurance (LTCI) is often posited as a potential mechanism to finance longβterm care (LTC) for a growing elderly population in the US. One largely ignored issue is lapse or cancellation of policies. Individuals who let a LTCI policy lapse face resumed