D. Kweku

Valuation of Surrender Options Based of an Insured with Multi-morbidity

B. Mac-Issaka, G. A. Okyere, H. M. Kpamma, K. Boateng, J. B. Achamfour & D. Kweku · Journal of Advances in Mathematics and Computer Science · 2018

Embedded in Life insurance contracts are surrender options and also path dependency. Surrender option stems from many reasons. Multi-morbidity increases the rate of mortality and a variety of adverse health outcomes which may lead to surrendering. Poverty levels coupled with soci...