The paper is focused on a contractual scheme where an immediate life annuity is obtained by paying a single premium in the form of real estate rights (RERs). Such contract is framed within the varied macrocosm of personal pension products, that proves to be an increasingly attractive and scientifically stimulating tool in the economic and social context in which we currently find ourselves. The basic structure requires the lender to pay the borrower/homeowner a life annuity against a part or the totality of the future liquidation value of his home at the time of his death. In this work we will explore some characteristics of the product, paying attention to the risk sources which impact on it.
Real estate pension schemes: modeling and perspectives / D’Amato, Valeria; DI LORENZO, Emilia; Piscopo, Gabriella; Sibillo, Marilena; Tizzano, Roberto. - (2020), pp. 35-35. (Intervento presentato al convegno Conference of the Stochastic Modeling Techniques and Data Analysis International Conference (SMTDA2020) and Demographics2020 Workshop tenutosi a Virtual Conference nel 2-5 June 2020).
Real estate pension schemes: modeling and perspectives
Emilia Di Lorenzo;Gabriella Piscopo;Roberto Tizzano
2020
Abstract
The paper is focused on a contractual scheme where an immediate life annuity is obtained by paying a single premium in the form of real estate rights (RERs). Such contract is framed within the varied macrocosm of personal pension products, that proves to be an increasingly attractive and scientifically stimulating tool in the economic and social context in which we currently find ourselves. The basic structure requires the lender to pay the borrower/homeowner a life annuity against a part or the totality of the future liquidation value of his home at the time of his death. In this work we will explore some characteristics of the product, paying attention to the risk sources which impact on it.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
