Comparative Analysis on the Life Table to Hedge Longevity Risk of Reverse Mortgage

KIM SUN JU

doi:10.15793/kspr.2015.86..007

The longevity risk of reverse mortgage is increasing. In order to find a way to hedging longevity risk analyzed the various life tables. The comparison results of national complete life table in 2012 and LC model life table and the 7th experience life table were as follows. The death probability of national complete life table appears increasingly high in elderly people. So the need of reestimate on the death probability for the elderly is raised. And the improvement effect of the last-survivor status death probability in multiple life model was higher than the death probability in National complete life table. Reverse mortgage is joint life annuity. The pension is paid until their death when you join a couple. Also Housing Finance Corporation Act was amended to ensure that the couple having many differences of their age is able to join the pension. Therefore, to apply the death probability of the last-survivor status in multiple life model can be reduced the security of financial in reverse mortgage.

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* 2021년 이후 발행 논문의 참고문헌은 현재 구축 중입니다.

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