Valuation of a Mixture of GMIB and GMDB Variable Annuity
The Guaranteed Minimum Income Benefit (GMIB) and Guaranteed Minimum Death Benefit (GMDB) are options that may be included at the inception of a variable annuity (VA) contract. In exchange for small fees charged by the insurer, they give the policyholder a right to receive a guaranteed minimum level...
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| Hlavní autoři: | , , , , |
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| Médium: | Artigo |
| Jazyk: | Inglês |
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MDPI AG
2024-01-01
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| Edice: | Mathematics |
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| On-line přístup: | https://www.mdpi.com/2227-7390/12/3/441 |
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