%0 Journal Article
%T Uma an¨¢lise econ£¿mico-atuarial dos death bonds
%A Carvalho
%A Jo£¿o Vin¨ªcius de Fran£¿a
%A Afonso
%A Lu¨ªs Eduardo
%J Revista Brasileira de Economia
%D 2012
%I Funda??o Get¨²lio Vargas
%R 10.1590/S0034-71402012000200003
%X a death bond is issued by a financial institution to buy a life insurance policy from an insured who wishes to receive funds during his lifetime. this work presents the pricing of death bonds for both genders and different ages of the initial contract, using actuarial modeling techniques. initial results show little attraction for the bonds¡¯ investors. an extension of the model shows that if investors can identify the individuals with the worst health conditions, the returns are substantially higher and the standard deviations are quite low.
%K death bonds
%K seguro de vida
%K modelos atuariais
%K mercado secund¨¢rio.
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S0034-71402012000200003&lng=en&nrm=iso&tlng=en