The Strategy analysis of the Non-dividend Endowment Policy
Date Issued
2004
Date
2004
Author(s)
Lin, Pei-Ying
DOI
zh-TW
Abstract
For the life insurance industry, the policyholders are on the weaker position. The insurance sale agent would take most information to their clients. Although there are lots of books that talk about “Insurance”, but the simulation of the purchase decisions are using the fixed interest rate to calculate the results.
In this paper, I develop three purchase strategies (buying endowment, term, or variance insurance policy) to simulate the behaviors of the insurance consumers. In addition, this paper uses the stochastic interest rate model to simulate the direction of the market rate. That could make the results more close to the reality. As a result, the consumer who buys the endowment has the worst investment achievement. It is because of the expensive premium. In the beginning, it left less money to invest by the market interest rate.
Subjects
養老保險
不分紅
endowment stochastic
Type
thesis
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