Employee Protection and Tax Deductibility Issues when Insuring Employee Benefits through a Captive Insurance Company

Gene C. Lai and Michael J. McNamara

Journal of Insurance Issues, 2004, vol. 27, issue 2, 87-103

Abstract: We present a European call option that is defined on a pension annuity insurance contract. This option gives the holder of the contract the opportunity to buy a pension annuity benefit for a given (strike) price at the age of retirement or any other age. Thus instead of contributed monthly payments to the pension fund, the holder of the option contract would be entitled to buy this European call option as insurance and to fix the terms of payment in advance. Consequently, holders could invest their money in the market at their own discretion.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.insuranceissues.org/PDFs/272LM.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wri:journl:v:27:y:2004:i:2:p:87-103

Access Statistics for this article

Journal of Insurance Issues is currently edited by James Barrese

More articles in Journal of Insurance Issues from Western Risk and Insurance Association
Bibliographic data for series maintained by James Barrese ().