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权益指数年金(Equity Indexed Annuities)是欧美市场近十年发展起来的一类新型年金产品,有最小收益保证,在最小保证基础上与预先设定好的某类股指收益相关联．本文在考虑死亡风险情况下,对简单点对点和年度重设两种指数计算方法下权益指数年金的定价问题作了研究,给出了定价公式并对参与率作了敏感性分析．
Equity Indexed Annuities is a new type of annuity products developed in the European and American markets over the past decade. It has a minimum guaranteed yield and is associated with a predetermined stock index return on the basis of a minimum guarantee. In this paper, considering the risk of death, this paper studies the pricing of annuity annuities under the simple point-to-point and annual-revaluation methods. The pricing formula is given and the sensitivity of the participation rate is analyzed.