| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險研究所 === 100 === The life insurance industry has been concerned about potential default and prepayment factors of its mortgage loans, but recent studies have paid little attention to the single prepayment choice among the different types of repayment behaviors. For this reason, our sample in this study is collected from actual loan dataset of one famous life insurance company for the period 2005 to 2009. And then exploring what affect determinants of actual prepayment which affect profitability of loan activities. According to the theoretical hypotheses of the nested logit model, there will be three alternatives which are the on-time repayment, short-term prepayment and long-term prepayment adopting to establish empirical models. The empirical results show that the short-term prepayment behavior is affected significantly by type of repayment, and long-term prepayment behavior is influenced significantly by six factors, namely the occupation, premiums to income ratio, loan-to-value ratio, type of repayment, location of collateral and sum of reimburse choices.
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