Faculty Advisor

Abraham, Jon P.

Abstract

This Major Qualifying Project (MQP) developed and priced a longevity insurance product for men and women between the ages 50 and 75 planning for retirement. Using current mortality rates and analyzing trends of future interest rates, simulations of random bond defaults and random deaths were performed to determine the costs and expected profitability of a longevity insurance product.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 2013

Major

Mathematical Sciences

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

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