Optimal Hedging and Pricing of Equity-Linked Life Insurance Contracts in a Discrete-Time Incomplete Market

Table 2

Risk-return profile for return optimization.

Case	Return	Risk
	Δ^∗	𝐌
1	51.872	−4.654
2	94.611	0.762
3	161.106	−0.438
4	160.947	2.845
5	128.366	0.978
6	165.268	1.767
7	194.585	2.437
8	229.673	3.489
9	199.127	6.094
10	241.652	4.420
11	263.344	7.773
12	235.642	2.705
13	260.138	2.893
14	291.412	2.645