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North American Actuarial Journal Volume 17, 2013 - Issue 2
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Feature Articles

Life Insurance Lapse Behavior

Stephen G. Fier Department of Finance, University of Mississippi, University, Mississippi
&
Andre P. Liebenberg Department of Finance, University of Mississippi, University, Mississippi
Pages 153-167 | Published online: 11 Jul 2013

Citations (27)

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Read on this site (3)

Yawen Hwang, Linus Fang-Shu Chan & Chenghsien Jason Tsai. (2022) On Voluntary Terminations of Life Insurance: Differentiating Surrender Propensity From Lapse Propensity Across Product Types. North American Actuarial Journal 26:2, pages 252-282.
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Daniel Bauer, Jin Gao, Thorsten Moenig, Eric R. Ulm & Nan Zhu. (2017) Policyholder Exercise Behavior in Life Insurance: The State of Affairs. North American Actuarial Journal 21:4, pages 485-501.
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Anatoliy Belaygorod, Atilio Zardetto & Yuanjin Liu. (2014) Bayesian Modeling of Shock Lapse Rates Provides New Evidence for Emergency Fund Hypothesis. North American Actuarial Journal 18:4, pages 501-514.
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Articles from other publishers (24)

Chunli Cheng. (2022) Beyond death: The impact of a population-wide health shock on life insurance. The North American Journal of Economics and Finance 63, pages 101823.
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Ralph S. J. Koijen, Hae Kang Lee & Stijn Van Nieuwerburgh. (2022) Aggregate Lapsation Risk. SSRN Electronic Journal.
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Hanming Fang & Edward Kung. (2020) Why do life insurance policyholders lapse? The roles of income, health, and bequest motive shocks. Journal of Risk and Insurance 88:4, pages 937-970.
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Ko-Lun Kung, Ming-Hua Hsieh, Jin-Lung Peng, Chenghsien Jason Tsai & Jennifer L. Wang. (2021) Explaining the risk premiums of life settlements. Pacific-Basin Finance Journal 68, pages 101574.
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Daniel GottliebKent Smetters. (2021) Lapse-Based Insurance. American Economic Review 111:8, pages 2377-2416.
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Sen Hu, Adrian O’Hagan, James Sweeney & Mohammadhossein Ghahramani. (2020) A spatial machine learning model for analysing customers’ lapse behaviour in life insurance. Annals of Actuarial Science 15:2, pages 367-393.
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Cassandra R. Cole & Stephen G. Fier. (2020) An examination of life insurance policy surrender and loan activity. Journal of Risk and Insurance 88:2, pages 483-516.
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Bojan Srbinoski, Klime Poposki, Patricia H. Born & Valter Lazzari. (2021) Life insurance demand and borrowing constraints. Risk Management and Insurance Review 24:1, pages 37-69.
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Bojan Srbinoski, Fernanda Strozzi, Klime Poposki & Patricia H. Born. (2020) Trends in Life Insurance Demand and Lapse Literature. Asia-Pacific Journal of Risk and Insurance 14:2.
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James M. Carson, Cameron M. Ellis, Robert E. Hoyt & Krzysztof Ostaszewski. (2019) Sunk Costs and Screening: Two‐Part Tariffs in Life Insurance. Journal of Risk and Insurance 87:3, pages 689-718.
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Emilio Barucci, Tommaso Colozza, Daniele Marazzina & Edit Rroji. (2020) The determinants of lapse rates in the Italian life insurance market. European Actuarial Journal 10:1, pages 149-178.
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Lu Yu, Jiang Cheng & Tzuting Lin. (2018) Life insurance lapse behaviour: evidence from China. The Geneva Papers on Risk and Insurance - Issues and Practice 44:4, pages 653-678.
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Rubayah Yaakob, Mohd Hafizuddin Syah Baangan Abdullah & Norasykeen Mohd Baharom. (2018) Analisis Polisi Luput Pelan Takaful Keluarga. The Journal of Muamalat and Islamic Finance Research 15:1, pages 84-95.
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Christoph Hambel, Holger Kraft, Lorenz S. Schendel & Mogens Steffensen. (2017) Life Insurance Demand Under Health Shock Risk. Journal of Risk and Insurance 84:4, pages 1171-1202.
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Sven Nolte & Judith C. Schneider. (2017) Don’t lapse into temptation: a behavioral explanation for policy surrender. Journal of Banking & Finance 79, pages 12-27.
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홍지민. (2015) A Study of the Effect of Income Risk on the Optimal Insurance Contract and Surrender Value. The Journal of Risk Management 26:2, pages 35-61.
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Marcus C. Christiansen, Michel M. Denuit & Jan Dhaene. (2014) Reserve-dependent benefits and costs in life and health insurance contracts. Insurance: Mathematics and Economics 57, pages 132-137.
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Ralph S. J. Koijen, Hae Kang Lee & Stijn Van Nieuwerburgh. (2022) Aggregate Lapsation Risk. SSRN Electronic Journal.
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Jukka Johansson. (2020) How Return Affects the Decision to Surrender a Savings Insurance Policy: Detailed Observations on the Reverse Disposition Effect. SSRN Electronic Journal.
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Elia Berdin, Helmut Grrndl & Christian Kubitza. (2017) Rising Interest Rates, Lapse Risk, and the Stability of Life Insurers. SSRN Electronic Journal.
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Elisa Luciano, J. Frannois Outreville & Mariacristina Rossi. (2015) Life Insurance Demand: Evidence from Italian Households; A Micro-Economic View and Gender Issue. SSRN Electronic Journal.
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Sven Nolte & Judith C. Schneider. (2015) Don't Lapse into Temptation: A Behavioral Explanation for Policy Surrender. SSRN Electronic Journal.
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Barry S. Mulholland & Michael S. Finke. (2014) Does Cognitive Ability Impact Life Insurance Policy Lapsation?. SSRN Electronic Journal.
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Holger Kraft, Lorenz S. Schendel & Mogens Steffensen. (2014) Life Insurance Demand under Health Shock Risk. SSRN Electronic Journal.
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