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dc.contributor.authorZhou-Richter, Tianen_US
dc.contributor.authorGründl, Helmuten_US
dc.description.abstractA life care annuity is a bundled insurance product comprised of a life annuity and long-term care insurance. Some recent studies find the two risks-longevity risk and long-term care risk-to be opposing and thus life care annuities advantageous in regard to pooling the two risks. Based on empirical data, this study discoversin contrast to previous work-a positive correlation between the two risks and the presence of adverse selection in the life care annuity market. We also address the pricing risk and solvency risk insurance companies face when providing life care annuities.en_US
dc.publisherInternational Center for Insurance Regulation, House of Finance, Goethe University Frankfurt am Mainen_US
dc.relation.ispartofseriesICIR Working Paper Series 04/11en_US
dc.subject.keywordLong-term care insuranceen_US
dc.subject.keywordAdverse Selectionen_US
dc.subject.keywordRisk Managementen_US
dc.subject.stwAdverse Selektionen_US
dc.subject.stwVersicherungstechnisches Risikoen_US
dc.titleLife care annuities: Trick or treat for insurance companies?en_US
dc.typeWorking Paperen_US
Appears in Collections:ICIR Working Paper Series, International Center for Insurance Regulation, Universität Frankfurt

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