Template-Type: ReDIF-Article 1.0 
Author-Name: Ting Zeng
Author-Name: Qian Cao
Author-Email:  caoqian_econ@163.com
Author-Workplace-Name: Research Institute of Economics and Management, Southwestern University of Finance and Economics, China
Title: Estimation of Life Insurance Asset Value From Household Survey
Abstract:  The omission of the asset value of life insurance policies in computing household assets would underestimate household wealth and therefore bias measures of wealth inequality. We propose a method to estimate the cash value of household life insurance assets by combining the Lee-Carter model, which forecasts mortality risk, and the concept of the net level premium reserve in actuarial science. This method is readily applicable using household survey data.
Classification-JEL:  G22,D31,N3
Keywords:  life insurance asset value,Net level premium reserve,Mortality estimation,Household wealth inequality
Journal:  Asian Economics Letters
Pages: 1-6
Volume: 3
Issue: 1
Year:  2022
DOI:  2022/06/16
File-URL:  https://a-e-l.scholasticahq.com/api/v1/articles/29957-estimation-of-life-insurance-asset-value-from-household-survey.pdf
File-Format:  Application/pdf
Handle: RePEc:ayb:jrnael:59