Abraham, Jon P.
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.
Worcester Polytechnic Institute
Major Qualifying Project
All authors have granted to WPI a nonexclusive royalty-free license to distribute copies of the work, subject to other agreements. Copyright is held by the author or authors, with all rights reserved, unless otherwise noted.