30th September - 1st October 2019
Life annuities constitute an appropriate tool providing the retiree with a lifelong income. Nevertheless, we can observe that, in many countries, the propensity to convert into a life annuity the resources available at the retirement time is rather poor. Of course, good reasons, strictly related to the technical features of the “standard” life annuity, underpin the non-annuitization choice. In particular, as the life annuity is an illiquid asset in the retiree’s portfolio, the preference for income drawdown strategies can easily be understood.
In the framework of health insurance products, the long-term care (LTC) stand-alone policy provides resources to afford expenses caused by senescent disability. Hence, this insurance cover can be classified as a pure protection product. Nonetheless, its price is rather high, especially because of the safety loading that the insurer needs to charge in order to face pricing (and reserving) risks originated by rather poor statistical data. A barrier on the demand side then follows.
To stimulate the purchase of insurance products, various alternative products can be conceived, some of which have actually been proposed. “Old-age” life annuities, “special-rate” life annuities and several long-term care “combo” products constitute interesting examples.
The seminar is open to all interested persons, such as actuaries operating in life and health insurance lines of business as well as in pension funds, consultants and supervisors. It is expected that the participants have an understanding of basic financial and actuarial mathematics.
The early-bird registration fee of this up-to-date seminar is € 840.00 plus 19% VAT and is valid for bookings by 30 July 2019. After this date, the fee will be € 990.00 plus 19% VAT.
An overview on other upcoming events can be downloaded as well.