This paper examines the possibility of including cash-for-care benefits in life care annuities
(LCAs) to help retired couples to cope with the cost of long-term care (LTC). The paper …

We study the impact of housing wealth and individual preferences on demand for annuities
and long-term care insurance (LTCI). We build a multi-state lifecycle model that includes …

In most industrialised countries, one of the major societal challenges is the demographic
change coming along with the ageing of the population. The increasing life expectancy …

Aging societies need efficient and flexible systems to finance care for the frail elderly. We
study pre‐retirees' demand for flexible insurance that can finance informal long‐term care by …

Understanding the financial needs and preferences of retirees is critical for retirement
income policy and product design. Today, Australian retirees are accumulating record levels …

This paper provides a comprehensive proof of monotonicity of the savings function in the
application of the Method of Endogenous Gridpoints (EGM) to problems with stochastic …

This paper presents a novel combo insurance product design consisting of a variable
annuity contract embedded with guaranteed minimum income benefit and long-term care …

This book is primarily intended for use as a supplementary college or university textbook,
typically for a 12-week elective course on computational problems in personal wealth …

We examine stated preferences for long-term care insurance that pays extra income instead
of reimbursing care costs. Our results show that long-term care income insurance is likely to …

We investigate whether a life care annuity—the integration of a life annuity with long-term
care insurance (LTCI)—can enhance insurance participation to mitigate the economic …