HIPOTECA INVERSA: IMPACTO DEL RIESGO DE LONGEVIDAD EN EL CASO ESPAÑOL

Abstract

Abstract The demographic perspective in Spain highlights the need to incorporate new alternatives that allow the sustainability of the welfare state. Clearly, one of the main solutions will be the reverse mortgage, which allows the important real estate savings of the elderly to realese and to procure income complementary to public pensions. This article analyzes, from the point of view of longevity risk, the impact between the use of sex distinct mortality tables or unisex tables, showing he importance of global portfolio management by the bank. Keywords: Reverse Mortgage, Lump Sum, Mortality Modelling and Forecasting, Gender Equality, Longevity Risk.