Since along this curve, the surrender benefit is exactly equal to the continuation value of the contract when [beta] = 150, this surrender strategy allows the policyholder to extract the maximum value from that contract and is thus optimal when [beta] = 150 (as is not surrendering
Because a considerable amount of money might be needed to cover health care or long-term care costs, the age of the insured life might be positively correlated with the probability of surrendering
"I am feeling very good after surrendering
because I get to meet friends and go out with them.
Our study is motivated by the fact that one factor triggering asymmetric surrender decisions is the secondary market for life insurance, where impaired insureds have the opportunity of selling their policy instead of surrendering
They were afraid that after surrendering
, we will all be killed,' he said.
Amsterdam, Feb 22 (ANI): Two international Tamil organisations have lodged a complaint in the International Criminal Court against Palitha Kohona, an Australian citizen and senior Sri Lankan diplomat, accusing him of being involved in the murder of three surrendering
She accused her seniors of sexual abuse after surrendering
on August 28.
'Our target is to get them out of the drug addiction and we all know that surrendering
will not solve it.
So, I decided to come to mainstream to live happily," Sundi said after surrendering