14-117/IV - Reserve-Dependent Benefits and Costs in Life and Health Insurance Contracts

• Authors
  Marcus C. Christiansen, University of Ulm, Germany; Michel M. Denuit, Université Catholique de Louvain, Belgium; Jan Dhaene, Katholieke Universiteit Leuven, Belgium, University of the Free State, South Africa
• Publication date
  August 29, 2014

• Keywords
  life insurance, multistate models, Markov process, surrender value, Cantelli theorem
• JEL
  G00