This paper examines the possibility of including cash-for-care benefits in life care annuities
(LCAs) to help retired couples to cope with the cost of long-term care (LTC). The paper …

This paper presents a technique to solve the problem where a couple aims to optimize their
consumption, investment, and life-insurance purchasing strategies, thereby maximizing their …

Reverse mortgages provide a mechanism for seniors to release the equity that has been
built up in their home. At termination, the mortgagors are usually guaranteed to owe no more …

Insurance and annuity products covering several lives require the modelling of the joint
distribution of future lifetimes. In the interest of simplifying calculations, it is common in …

We introduce new models for analyzing the mortality dependence between individuals in a
couple. The mortality risk dependence is usually taken into account in the actuarial literature …

We analyze the mortality of couples by fitting a multiple state model to a large insurance data
set. We find evidence that mortality rates increase after the death of a partner and, in …

Nowadays, insurance contract reserves for coupled lives are considered jointly, which has a
significant influence on the process of determining actuarial reserves. In this paper …

In this paper we suggest a modeling of joint life insurance pricing via Extended Marshall–
Olkin (EMO) models and related copulas. These models are based on the combination of …

Broken-heart syndrome is the most common form of short-term dependence, inducing a
temporary increase in an individual's force of mortality upon the occurrence of extreme …

A new stream of research proposes how people can increase their income in retirement by
pooling their mortality risk. How one of these mortality risk-sharing rules could be …