Previous equity index annuity pricing in the risk of death or not considered or be considered as fixed, the risk of death in this article will be considered as random with a mortality rate that. 以往的权益指数年金定价中要么没有考虑死亡风险,要么将其考虑成固定的,在本文中将死亡风险考虑成随机的,用死亡率来表示。
The Equity Index Annuity ( EIA) has developed rapidly since it was released in American capital markets. 权益指数年金自从在美国市场上推出后,便迅速发展起来。
Equity index annuity is a new type of annuity products. Which overcomes the shortcoming of traditional annuity products, it allows the holder to enjoy a rising stock price index in the capital gains, it provides a minimum guaranteed rate of return when the stock index falls. 权益指数年金是一种递延的企业年金产品,权益指数年金克服了传统年金的缺陷,允许持有人在股价指数上涨时享有资本利得,而在股价指数下跌时,提供最低报酬率的保证。
The U.S. promulgated Home Equity Conversion Mortgage, Canada launched the Canadian Housing Income Plan, Australia carried out Reverse Annuity Mortgage loans, the British have a Home Income Plan and so on. 美国有住房价值转换抵押贷款,加拿大推出了加拿大人住房收入计划,澳大利亚开展逆向年金抵押贷、英国有家庭收入计划等等。
Based on the above considerations by the equity index annuity contracts, the price is more scientific and reasonable, to make better development of equity index annuities. 基于以上考虑得到的权益指数年金合约的价格才是比较科学合理的,才能使权益指数年金更好的发展。
While the previous equity index annuity factors into account did not surrender, which makes the resulting low price of equity index annuities, did not surrender the risk of insurance companies take into account the damage caused, so the price is not obtained reasonable. 而以往的权益指数年金没有将退保因素考虑在内,这样使得得出的权益指数年金的价格偏低,没有将退保风险对保险公司所造成的损失考虑在内,所以得出的价格不合理。