英文标题：
《Purchasing Life Insurance to Reach a Bequest Goal》
---
作者：
Erhan Bayraktar, David Promislow, Virginia Young
---
最新提交年份：
2014
---
英文摘要：
We determine how an individual can use life insurance to meet a bequest goal. We assume that the individual\'s consumption is met by an income, such as a pension, life annuity, or Social Security. Then, we consider the wealth that the individual wants to devote towards heirs (separate from any wealth related to the afore-mentioned income) and find the optimal strategy for buying life insurance to maximize the probability of reaching a given bequest goal. We consider life insurance purchased by a single premium, with and without cash value available. We also consider irreversible and reversible life insurance purchased by a continuously paid premium; one can view the latter as (instantaneous) term life insurance.
---
中文摘要：
我们决定个人如何使用人寿保险来实现遗赠目标。我们假设个人的消费由收入来满足，比如养老金、终身年金或社会保障。然后，我们考虑个人想要为继承人贡献的财富（与上述收入相关的任何财富分开），并找到购买人寿保险的最佳策略，以最大限度地提高达到给定遗赠目标的概率。我们考虑以单一保费购买人寿保险，无论是否有现金价值。我们还考虑通过持续支付保费购买不可逆和可逆的人寿保险；人们可以将后者视为（瞬时）定期人寿保险。
---
分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Portfolio Management 项目组合管理
分类描述：Security selection and optimization, capital allocation, investment strategies and performance measurement
证券选择与优化、资本配置、投资策略与绩效评价
--

---
PDF下载：
-->