John Hancock Financial Services is a major provider of various life insurance products in the United States. Due to government statutes, the company can only illustrate each of their insurance products at one interest rate. The goal of this project was to determine an appropriate interest rate for John Hancock to use in illustrating their Indexed Universal Life Insurance policy. This was accomplished by building a model that simulates the policy multiple times and generates a probability distribution of the internal rates of return.

• 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

• Li, Hairan
• St. Jean, Andrew G.
• Tsitlenko, Sergey Dmitriyevich

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042513-141221

Advisor

• Abraham, Jon P.

Year

• 2013

Sponsor

• John Hancock

Date created

• 2013-04-25

Location

• Boston

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright