Insurance – Risk Management – InsuranceNewsNet
MAY 11, 2022 (NewsRx) — By a
Financial support for this research includes
Journalists obtained a quote from Teknologi MARA University research: “Previous studies have shown that substandard health in retirement reduces annuity due to adverse selection. A recent innovation introduces an improved annuity scheme where people with impaired health are entitled to higher annuity payments. However, this market is less explored in countries other than the
According to the news editors, the research concluded: “Our results show that the optimal annuity is determined by the choice of bequest and risk aversion parameters, as well as the health status of the annuitant. While the health-dependent utility parameter only affects our results for some cases.
For more information on this research, see: The impact of health problems on the optimal pension of retirees. Risks, 2022.10(75):75. (Risks – http://www.mdpi.com/journal/risks). The Risks editor is
A free version of this review article is available at https://doi.org/10.3390/risks10040075.
Our reporters report that more information can be obtained by contacting Nurin Haniah Asmuni,
(Our reports provide factual information on research and discoveries around the world.)
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