linked units

Spooked [HD]
$2.99

Pricing Rate of Return Guarantees in Regular Premium Unit Linked Insurance [An article from: Insurance Mathematics and Economics]
$8.95
This digital document is a journal article from Insurance Mathematics and Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
We derive general pricing formulas for Rate of Return Guarantees in Regular Premium Unit Linked Insurance under stochastic interest rates. Our main contribution focusses on the effect of stochastic interest rates. First, we show the effect of stochastic interest rates can be interpreted as, what is known in the financial community as, a convexity correction. Second we link the LIBOR Market Model to our model of the economy. This allows us to find guarantee prices consistent with observed cap and swaption prices. Numerical results show the effect of this more sophisticated interest rate modelling is considerable. We also consider ways of approximating Asian option values through tight bounds. We show that we can obtain accurate bounds in spite of the high volatility induced by the long maturities of the guarantees.

The valuation of unit-linked policies with or without surrender options [An article from: Insurance Mathematics and Economics]
$10.95
This digital document is a journal article from Insurance Mathematics and Economics, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
This paper is concerned with the fair valuation of a kind of equity-linked policies with interest rate guarantees, and we deal with this issue in two aspects: the policies with or without surrender options before maturity date. The method we adopted in this paper is a Partial Differential Equation Approach (PDE). The PDE models for the fair valuation of the policies are derived, and their analytic solutions are obtained when surrender is not allowed. For the valuation of the policy with surrender options, the problem is reduced to a PDE model with free boundaries. The impact of the parameters appearing in the model on the surrender options is investigated by both theoretical and numerical analysis.

Adam to Abraham: An Internet-Linked Unit Study
$22.00
The focus of this Messianic study is on Genesis 1-12 revealing Jesus in Genesis! Useful for homeschool, church studies and independant use for anyone interested in Christianity's Hebrew roots! Includes 14 Four-Step lessons on Creation, the Fall, the Flood, the origin of nations and ancestral story. This unique multilevel, Bible focused, study utilizes the Internet! Like all Heart of Wisdom's Unit Studies each lesson contains Internet links to Bible Study Tools, Video Clips, Free Online Books, Craft Instructions, Worksheets, Illustrations, Maps, Quizzes, and more!