Daniel J. Bauer|Jin Gao|Thorsten Moenig|Eric R. Ulm|Nan Zhu
Policyholder Exercise Behavior in Life Insurance: The State of Affairs
University of Alabama|Temple University|Victoria University of Wellington|Pennsylvania State University
article presents review structural models policyholder behavior life insurance first discuss underlying drivers policyholder behavior theory survey implications different models turn empirical behavior appraise well different drivers explain observations key contributions lie synthesis systematic categorization different approaches article provide foundation future studies describe important directions future research conclusion