Valuation of Equity-Linked Death Benefits on Two Lives with Dependence

Keyphrases

• Contingent Claims 50%
• Dependency Modeling 50%
• Joint Distribution 50%
• Last Survivor 50%
• Subexponential 50%
• Typed Dependencies 50%
• Weighted Exponential Distribution 50%

Mathematics

• Contingent Claim 33%
• Copula 33%
• Death Benefit 100%
• Exponential Distribution 33%
• Joint Distribution 33%
• Marginal Distribution 33%
• Numerical Example 33%