scholarly journals Life Insurance Retirement Plans For High Income Individuals

2010 ◽  
Vol 8 (6) ◽  
Author(s):  
Johnny Fryar, Jr. ◽  
Meyer Drucker
Keyword(s):  
Risk Management ◽  
Monte Carlo ◽  
Life Insurance ◽  
Empirical Data ◽  
Financial Planning ◽  
Retirement Plans ◽  
Font Size ◽  
Net Worth ◽  
Advantages And Disadvantages ◽  
Art Form

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt 27.35pt; mso-pagination: none;"><span style="color: black; font-size: 10pt;"><span style="font-family: Times New Roman;">This paper examines the advantages and disadvantages of using life insurance retirement plans for high net worth individuals.<span style="mso-spacerun: yes;">&nbsp; </span>Though the advent of financial economics and simulations like Monte Carlo have introduced empirical data to financial planning, most advances are invented, developed, and later copied from the practices of leading advisors.<span style="mso-spacerun: yes;">&nbsp; </span>These advisors come from several different areas of focus using their expertise to solve the financial problems of their clients.<span style="mso-spacerun: yes;">&nbsp; </span>With methodologies coming from estate/tax attorneys, CPAs, risk management specialists, registered representatives/advisors, and CFPs the path to personal and intergenerational prosperity is not a clear one. As a result, financial planning has developed as more of an art form than a science.<span style="mso-spacerun: yes;">&nbsp; </span>The intent of this paper is to bring a controversial, but in certain cases effective, financial instrument to the discussion of financial planning.</span></span></p>

scholarly journals ANALISIS PENERAPAN HYBRID CONTRACT PADA PRODUK UNIT LINK DI ASURANSI JIWA PT PRUDENTIAL PAMEKASAN

2020 ◽  
Vol 6 (1) ◽  
pp. 110-126
Author(s):  
Subairi Subairi
Keyword(s):  
Life Insurance ◽  
Financial Planning ◽  
Islamic Law ◽  
Insurance Companies ◽  
Insurance Company ◽  
Advantages And Disadvantages ◽  
The Future ◽  
Investment Returns

The study of insurance in Islamic law is a new thing, and has never been found in classical fiqh literature. The discussion of insurance in the area of ​​Islamic sciences only appeared at the stage of the birth of contemporary scholars. Included in relation to the application of hybrid contracts in insurance. Along with the development of life insurance products, insurance companies not only provide traditional insurance services that are purely protection, but also provide various supporting services for financial planning in the future, according to their needs and financial capabilities, whether they are personal, family or group. one service offered is a combination of insurance and investment, known as Unit Link. The application of a hybrid contract on the unit link in Prudential Pamekasan life insurance is a contract between a participant and a sharia insurance company using a tijarah contract called wakalah bil ujrah, and an easyarabah / musyarakah contract on its investment. and covenants among participants using the tabarru contract 'in the form of a grant, and Qard. The advantages and disadvantages of implementing Unit Link hybrid contracts at PT Prudential Pamekasan syariah and conventional can be seen from the reasons customers choose insurance and the most influential is the rate of premium returns and the investment returns, in this case PRUsyariah is relatively smaller than conventional. 3). The implementation of the Prudential PRUlink Pamekasan hybrid contrac Unit Link in the perspective of Islamic economics can produce multiple legal interpretations between those who allow and those who do not.

scholarly journals Individual Property Risk Management

2010 ◽  
Vol 2010 ◽  
pp. 1-11
Author(s):  
Michael S. Finke ◽  
Eric Belasco ◽  
Sandra J. Huston
Keyword(s):  
Risk Management ◽  
Financial Planning ◽  
Optimal Choice ◽  
Excess Risk ◽  
Individual Property ◽  
Risk Transfer ◽  
Potential Gain ◽  
Theoretical Assumptions ◽  
Property Losses ◽  
Risk Retention

This paper reviews household property risk management and estimates normatively optimal choice under theoretical assumptions. Although risk retention limits are common in the financial planning industry, estimates of optimal risk retention that include both financial and human wealth far exceed limits commonly recommended. Households appear to frame property losses differently from other wealth losses leading to wealth-reducing, excess risk transfer. Possible theoretical explanations for excess sensitivity to loss are reviewed. Differences between observed and optimal risk management imply a large potential gain from improved choice.

Risk Management of Policyholder Behavior in Equity Linked Life Insurance

2015 ◽  
Author(s):  
Anne MacKay ◽  
Maciej Augustyniak ◽  
Carole Bernard ◽  
Mary R. Hardy
Keyword(s):  
Risk Management ◽  
Life Insurance

Computing Risk Measures of Life Insurance Policies through the Cox–Ross–Rubinstein Model

2018 ◽  
Keyword(s):  
Monte Carlo ◽  
Life Insurance ◽  
Risk Measures ◽  
Probability Measures ◽  
Time Interval ◽  
Change Of Measure ◽  
Insurance Policies ◽  
Straightforward Application ◽  
The Monte Carlo Method ◽  
Remaining Time

The problem of computing risk measures of life insurance policies is complicated by the fact that two different probability measures, the real-world probability measure along the risk horizon and the risk-neutral one along the remaining time interval, have to be used. This implies that a straightforward application of the Monte Carlo method is not available and the need arises to resort to time consuming nested simulations or to the least squares Monte Carlo approach. We propose to compute common risk measures by using the celebrated binomial model of Cox, Ross, and Rubinstein (1979) (CRR). The main advantage of this approach is that the usual construction of the CRR model is not influenced by the change of measure and a unique lattice can be used along the whole policy duration. Numerical results highlight that the proposed algorithm computes highly accurate values.

scholarly journals El análisis factorial exploratorio de los ítems: análisis guiado según los datos empíricos y el software.

2017 ◽  
Vol 33 (2) ◽  
pp. 417 ◽  
Author(s):  
Susana Lloret ◽  
Adoración Ferreres ◽  
Ana Hernández ◽  
Inés Tomás
Keyword(s):  
Factor Analysis ◽  
Exploratory Factor Analysis ◽  
Empirical Data ◽  
Font Size ◽  
Practical Recommendations

<span style="font-family: 'Garamond',serif; font-size: 8pt; mso-bidi-font-size: 10.0pt; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: AR-SA; mso-bidi-language: AR-SA;" lang="EN-US">The aim of the present study is to illustrate how the appropriate or inappropriate application of exploratory factor analysis (EFA) can lead to quite different conclusions. To reach this goal, we evaluated the degree to which four different programs used to perform an EFA, specifically SPSS, FACTOR, PRELIS and MPlus, allow or limit the application of the currently recommended standards. In addition, we analyze and compare the results offered by the four programs when factor analyzing empirical data from scales that fit the assumptions of the classic linear EFA modeling adequately, ambiguously, or optimally, depending on the case, through the possibilities the different programs offer. The results of the comparison show the consequences of choosing one program or another; and the consequences of selecting some options or others within the same program, depending on the nature of the data. Finally, the study offers practical recommendations for applied researchers with a methodological orientation.</span>

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