Resources


Accession #: rp221027

 

Publication Date:
March 15, 2021
Title:
Research Paper: High-Water Mark Fee Structure in Variable Annuities
Other Details:
52 pages
Author:
David Landriault (FCIA), Bin Li, Dongchen Li, Yumin Wang
Description:
The fee structure of variable annuities is important for both insurers and policy-holders. A well-designed fee structure may help reduce the risk exposure of the insurer and simultaneously increase the welfare of the policy-holder. 

In this research paper, we propose a variable annuity with a novel high-water mark fee structure, and examine its implications for both the insurer and the policy-holder.
 

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