In the paper, we present the methodology of calculating the benefit of a marriage reverse
annuity using the multiple state model for marriage life insurance. We model the probabilistic …

Reversionary annuity is an annuity product that involves two individuals with benefit
payments are made if one of the individuals is dead and the other is still alive. In cases …

Social security benefits may not be enough for retirement. Equity release products like
marriage reverse annuities can boost retirement income for older couples. Marriage reverse …

Purpose: The purpose of the article is to present a new marriage contract combining the
advantages of the reverse annuity contract and the critical health insurance contract. The …

Equity release contracts allow property owners to receive a financial benefit in exchangefor
surrendering their real estate to a company. The benefits depend on the life expectancyof …

Profit testing is the process of adjusting the features of a contract (for example premiums)
until the sequence of annual profits satisfies some profit criterion. Thus, it enables the …

The COVID-19 pandemic has affected many areas of society and the economy. In the
epidemiological field, it has significantly increased mortality, especially in the elderly …