You are here

The determinants of morality heterogeneity and implications for pricing underwritten annuities


Ramona Meyricke and Michael Sherris

This paper quantities the financial impact of frailty on underwritten annuities. The heterogeneity implied by underwriting factors and frailty is quantified by fitting Generalized Linear Mixed Models to longitudinal data for a large sample of US males.

PDF icon Download (497.71 KB)