Abstract

http://ssrn.com/abstract=1461846
 


 



Portfolio Issues of Mobilization Insurance: What Went Wrong, and Candidate New Offerings


Terrance Jalbert


University of Hawaii at Hilo - Department of Business Administration

Mercedes Jalbert


The Institute for Business and Finance Research

David Hammes


University of Hawaii at Hilo - Department of Economics

August 25, 2009

Journal of Business and Economics Research, Vol. 4, No. 5, pp. 1-16, May 2006

Abstract:     
Financial hardships experienced by those in the military are well documented. Mobilization insurance has the potential to reduce the financial burdens of being called to active military duty. Reducing the financial burden of being called to active duty can provide numerous benefits to the military and Reservists including improved recruiting, lower attrition and reduced stress on activated Reservists. In this paper, the Ready Reserve Mobilization Income Insurance Program and the reasons for its failure are discussed. The portfolio characteristics of the stakeholders involved in the Reserve system are analyzed in an options pricing framework and a discussion of how a new mobilization insurance product might be structured is examined. While the concept of offering such insurance is simple enough, no known academic research has analyzed the financial positions of Reserve system stakeholders.

Number of Pages in PDF File: 15

Keywords: Insurance, Portfolio Theory, Military

JEL Classification: G11, G20

Accepted Paper Series


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Date posted: August 26, 2009 ; Last revised: May 10, 2011

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Hammes, David, Portfolio Issues of Mobilization Insurance: What Went Wrong, and Candidate New Offerings (August 25, 2009). Journal of Business and Economics Research, Vol. 4, No. 5, pp. 1-16, May 2006 . Available at SSRN: http://ssrn.com/abstract=1461846

Contact Information

Terrance Jalbert (Contact Author)
University of Hawaii at Hilo - Department of Business Administration ( email )
808-974-7456 (Phone)
Mercedes Jalbert
The Institute for Business and Finance Research ( email )
P.O. Box 5569
Hilo, HI 96720
United States
HOME PAGE: http://www.theIBFR.com
David Hammes
University of Hawaii at Hilo - Department of Economics ( email )
Hilo, HI 96720-4091
United States
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