This Major Qualifying Project (MQP) developed and priced a longevity insurance product for men and women between the ages 50 and 75 planning for retirement. Using current mortality rates and analyzing trends of future interest rates, simulations of random bond defaults and random deaths were performed to determine the costs and expected profitability of a longevity insurance product.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Maciejczyk, Kimberly A
• Fahey, Rachael Margaret
• Melillo, Craig Lonergan
• Roberge, Daniel A

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-011013-203941

Advisor

• Abraham, Jon P.

Year

• 2013

Date created

• 2013-01-10

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics
• Mathematical Sciences

Rights statement

• In Copyright