Faculty Advisor

Abraham, Jon P.

Abstract

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.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2013

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

Share

COinS