Actuarial Pricing Models of Reverse Mortgage with the Stochastic Interest Rate

被引：0

作者：

Jia, N. N. ^{[1
]}

Yang, H. ^{[1
]}

Yang, J. B. ^{[1
]}

机构：

[1] Harbin Engn Univ, Coll Sci, Harbin 150001, Peoples R China

来源：

PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON ECONOMICS, SOCIAL SCIENCE, ARTS, EDUCATION AND MANAGEMENT ENGINEERING | 2015年 / 38卷

关键词：

Reverse mortgage; Actuarial pricing; Stochastic interest rate;

D O I：

暂无

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

The aging problem became more important and serious in China in recent years. The reverse mortgage is an innovation model to support the aged people. In this study, the accumulation function model of interest force with a Wiener process and a negative-binomial distribution is proposed as the basis for the reverse mortgage. With the proposed model, a lump sum pricing model, annuity pricing model, linear increasing annuity pricing model for single-life and double-lives are provided. All of the models can be improved to solve the problem that the actuarial pricing models of reverse mortgage only could be calculated by the fixed interest rate.

引用

页码：639 / 642

页数：4