%0 Journal Article %A Brian Boscaljon %T Quantifying Unique Individual Portfolio Insurance
Premiums %D 2012 %R 10.3905/jwm.2012.15.1.072 %J The Journal of Wealth Management %P 72-81 %V 15 %N 1 %X This article defines a model that identifies specific insurance premiums for unique individual portfolio protection against a pre-determined level of volatility. Individuals approaching retirement age are assumed to reach a satiation level of wealth sufficient to optimize their desire for future consumption and leisure time. A utility model is defined based on individuals’ unique preferences with respect to consumption and leisure time. The certainty-equivalent framework is then applied to this time-utility model to calculate specific insurance premiums for risk-averse investors.TOPICS: Portfolio construction, risk management %U https://jwm.pm-research.com/content/iijwealthmgmt/15/1/72.full.pdf