An Insurance Approach to Risk Analysis of Debt Home Equity Conversion Programs
研究了房屋净值转换债务因复利导致抵押品不足的风险，用保险方法分析家庭特征与人口经济因素如何影响该风险及最大潜在收益。
The use of home equity conversion debt creates a compounding obligation against the home that makes collateral deficiency a potentially dominant risk. Using an insurance methodology, an examination of this risk and its impact upon the potential for home equity conversion is conducted. The paper includes a consideration of how deficiency risk and maximum potential benefits are affected by the interaction of household characteristics with demographic and economic factors.