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Author

Yueman Feng

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Preprint Aug 2026

Optimal Life Insurance Decision in Mean-Variance DC Management with Mortality Improvements

This paper studies the investment and insurance strategies of defined-contribution (DC) pension plans under the mean-variance framework. We consider a stochastic environment with time-varying interest rates, contributions, and mortality risk. The DC plan members are allowed to decide their bond and stock allocations, a...

Yueman Feng, Wenyuan Li, Mengyi Xu et al. · 0 citations

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