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Abstract
We consider lifetime health insurance contracts in which ageing provisions are used to smooth the premium profile. The capital stock accumulated for each individual can be decomposed into two parts: a premium insurance and an annuitized life insurance, only the latter being transferable between insurers without triggering premium changes through risk segmentation. In a simulation based on German data, the transferable share declines in age and falls with an increasing age of entry into the contract. In spite of different benefit profiles, it is almost identical for women and men.
Item Type: | Journal article |
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Faculties: | Economics Economics > Chairs > Chair for Public Economics |
Subjects: | 300 Social sciences > 330 Economics |
Language: | English |
Item ID: | 20150 |
Date Deposited: | 15. Apr 2014, 08:56 |
Last Modified: | 04. Nov 2020, 13:01 |
Available Versions of this Item
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Transferable Ageing Provisions in Individual Health Insurance Contracts. (deposited 15. Apr 2014, 08:56)
- Transferable ageing provisions in individual health insurance contracts. (deposited 15. Apr 2014, 08:56) [Currently Displayed]