Life Insurance Purchasing to Maximize Utility of Household Consumption

DOI10.1080/10920277.2013.793159zbMath1412.91030arXiv1205.5958OpenAlexW1969257734MaRDI QIDQ5742639

Virginia R. Young, Erhan Bayraktar

Publication date: 15 May 2019

Published in: North American Actuarial Journal (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1205.5958

zbMATH Keywords

life insurancehouseholdexponential utilitypremium schemes

Mathematics Subject Classification ID

Related Items (7)

Optimal consumption and portfolio selection for retirees with the guarantee of minimum welfare ⋮ Purchasing Term Life Insurance to Reach a Bequest Goal: Time-Dependent Case ⋮ Dynamic Portfolio Choice with Stochastic Wage and Life Insurance ⋮ Annuitization and asset allocation under exponential utility ⋮ Purchasing life insurance to reach a bequest goal ⋮ Purchasing Term Life Insurance to Reach a Bequest Goal while Consuming ⋮ Optimal consumption-investment and life-insurance purchase strategy for couples with correlated lifetimes

Cites Work

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• Maximizing the utility of consumption with commutable life annuities
• Optimal Consumption and Insurance: A Continuous-time Markov Chain Approach
• Optimal Bankruptcy Time and Consumption/Investment Policies on an Infinite Horizon with a Continuous Debt Repayment Until Bankruptcy

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