Securitization of Financial Asset/Liability Products with Longevity Risk

Carlos Ortiz (), Charles Stone () and Anne Zissu ()
Additional contact information
Carlos Ortiz: Acadia University
Charles Stone: Brooklyn College
Anne Zissu: Citytech, CUNY and POLY-NYU

Journal of Financial Transformation, 2010, vol. 30, 89-91

Abstract: This paper examines the securitization of financial products that have both assets and liabilities, and that are affected by longevity risk. The longevity risk is what determines the magnitude of the assets and that of the liabilities embedded in the financial product to be securitized. Examples of such financial products are senior life settlements, viaticles, reverse mortgages, or annuities.

Keywords: Senior; Life; Settlements (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1437

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