Within the context of personal pension products, a new contractual scheme is proposed where an immediate life annuity is obtained by paying a single-premium in form of real estate rights (RER), for example by transferring to an insurer the full or the bare property of a house or a similar realty. The level of the instalments should depend upon the fair value of the transferred RER at the inception of the life annuity (which may be a part of the real estate asset value, for example, the bare property of it), the life expectancy of the insured (for example, the bare ownership value increases as a function of the usufructuary aging and turns into full property at his death) and the expected growth rate of the real estate market value.
Pension Schemes versus Real Estate / D’Amato, V.; Di Lorenzo, E.; Haberman, S.; Sibillo, M.; Tizzano, R.. - (2018). (Intervento presentato al convegno EURO 2018 – 29th European Conference on Operational Research tenutosi a Valencia nel 8-11 July 2018).
Pension Schemes versus Real Estate
E. Di Lorenzo;R. Tizzano
2018
Abstract
Within the context of personal pension products, a new contractual scheme is proposed where an immediate life annuity is obtained by paying a single-premium in form of real estate rights (RER), for example by transferring to an insurer the full or the bare property of a house or a similar realty. The level of the instalments should depend upon the fair value of the transferred RER at the inception of the life annuity (which may be a part of the real estate asset value, for example, the bare property of it), the life expectancy of the insured (for example, the bare ownership value increases as a function of the usufructuary aging and turns into full property at his death) and the expected growth rate of the real estate market value.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
