Financial guarantees in Brazilian life insurance and pension plans

Recently regulated Brazilian life and pension products offer a benefit structure composed of minimum guaranteed annual rate, in°ation adjustment according to a price index and participation on an investment fund performance. We present a valuation model for these products. We establish a fair condition relationship between minimum guarantees and participation rates, and explore its behavior over a space of maturities, interest rates, and also fund and price index volatilities and correlation. Besides consistency to reference models, we found that the effect of the fund volatility is conditioned to the price index volatility level and the correlation between them.

The secondary market for life insurance policies in the United States market evolution and product valuation

In this work we discuss the secondary market for life insurance policies in the United States of America. First, we give an overview of the life settlement market: how it came into existence, its growth prospects and the ethical issues it arises. Secondly, we discuss the characteristics of the different life insurance products present in the market and describe how life settlements are originated. Life settlement transactions tend to be long and complex transactions that require the involvement of a number of parties. Also, a direct investment into life insurance policies is fraught with a number of practical issues and entails risks that are not directly related to longevity. This may reduce the efficiency of a direct investment in physical policies. For these reasons, a synthetic longevity market has evolved. The number of parties involved in a synthetic longevity transaction is typically smaller and the broker-dealer transferring the longevity exposure will be retaining most or all of the risks a physical investment entails. Finally, we describe the main methods used in the market to evaluate life settlement investments and the role of life expectancy providers.

Commission of Noah Cooke, Jr., as chaplain in the Continental Army, signed by John Hancock, 1776 January 1

Commission of Noah Cooke, Jr., as chaplain in the Continental Army, signed by John Hancock, 1 January 1776.

Opinion and decision in the United States of America on behalf of the Home Insurance Company, claimant, v. the United Mexican States. Docket no. 73, March 31, 1926.

Mode of access: Internet.

A further supplement to an act to incorporate the Phoenix insurance company of Philadelphia : approved the sixth day of February 1844.

Mode of access: Internet.

Proceedings of the Life Insurance Convention, held in New York, May 23, 1860.

Includes tables.

Proceedings of the ... annual meeting of the Association of Life Insurance Presidents ...

Fourth annual meeting held in Chicago.

Abstract of the proceedings of the ... annual meeting of the Association of Life Insurance Medical Directors of America.

Volumes for 1889/1906-1938 "printed for private circulation".

John Leech, his life and work /

Mode of access: Internet.

Why life insurance?

Mode of access: Internet.

What price life insurance? : Not how but what to sell or buy--and why, facts and supporting figures which prove the fallacy of the self-serving propaganda of those "term-ites" who seek to undermine confidence in legal reserve (old line) life insurance /

Mode of access: Internet.

The life insurance business; a selection from talks on various subjects relating to business given from 1954 to 1962.

Mode of access: Internet.