Research Paper: High-Water Mark Fee Structure in Variable Annuities

Author: David Landriault, Bin Li, Dongchen Li, Yumin Wang

Publication date: 15-03-2021

Version: Current

Language available: Bilingual

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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.


Categories: Research

Topics: Life insurance

Pages: 52

Format: PDF

Accession no.: rp221027