Life Insurance Theory PDF
By:F. Etienne De Vylder
Published on 2013-03-09 by Springer Science & Business Media
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This book is different from all other books on Life Insurance by at least one of the following characteristics 1-4. 1. The treatment of life insurances at three different levels: time-capital, present value and price level. We call time-capital any distribution of a capital over time: (*) is the time-capital with amounts Cl, ~, ... , C at moments Tl, T , ..• , T resp. N 2 N For instance, let (x) be a life at instant 0 with future lifetime X. Then the whole oO oO life insurance A is the time-capital (I,X). The whole life annuity ä is the x x time-capital (1,0) + (1,1) + (1,2) + ... + (I,'X), where 'X is the integer part ofX. The present value at 0 of time-capital (*) is the random variable T1 T TN Cl V + ~ v , + ... + CNV . (**) In particular, the present value ofA 00 and ä 00 is x x 0 0 2 A = ~ and ä = 1 + v + v + ... + v'X resp. x x The price (or premium) of a time-capital is the expectation of its present value. In particular, the price ofA 00 and äx 00 is x 2 A = E(~) and ä = E(I + v + v + ... + v'X) resp.
This Book was ranked at 36 by Google Books for keyword Life Insurance.
Book ID of Life Insurance Theory's Books is wPoICAAAQBAJ, Book which was written byF. Etienne De Vylderhave ETAG "lKvG62tvS3Q"
Book which was published by Springer Science & Business Media since 2013-03-09 have ISBNs, ISBN 13 Code is 9781475726169 and ISBN 10 Code is 1475726163
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Book which have "184 Pages" is Printed at BOOK under CategoryBusiness and Economics
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