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Measuring Inflation Impact on Life Insurance Costs
David F. Babbel
The Journal of Risk and Insurance
Vol. 46, No. 3 (Sep., 1979), pp. 425-440
Published by: American Risk and Insurance Association
Stable URL: http://www.jstor.org/stable/252457
Page Count: 16
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A number of methodologies generally used in comparing life insurance costs are examined, and one is identified as appropriate for measuring inflation's impact on the expected cost of life insurance. The model is used to demonstrate that anticipations of inflation are associated with higher (rationally perceived) real costs of life insurance protection when regulation impedes insurers from incorporating higher interest rates into nonparticipating policy contract terms.
The Journal of Risk and Insurance © 1979 American Risk and Insurance Association