Student Work

 

Pricing a long-term care rider on variable universal life insurance Public

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A long-term care rider on universal variable life insurance was priced for John Hancock. Models for the random present values of cost and revenue (functions of lapse, account value, age of LTC, duration of LTC, and age of death) were built. The rider was priced by setting expected loss to zero, and funded through a percentage increase in COI charges. Data was used to estimate the distributions of the random components, and a C++ program written to make final calculations.

  • This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
Creator
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Identifier
  • 01D200M
Advisor
Year
  • 2001
Sponsor
Date created
  • 2001-01-01
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Permanent link to this page: https://digital.wpi.edu/show/2514np41q