Premiums Calculation for Life Insurance

Ana Preda () and Mariana Gîrbaci
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Ana Preda: University of Craiova, Romania
Mariana Gîrbaci: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 3, 197-204

Abstract: The paper presents the techniques and the formulas used on international practice for establishing the premiums for a life policy. The formulas are generally based on a series of indicators named mortality indicators which mainly point out the insured survival probability, the death probability and life expectancy at certain age. I determined, using a case study, the unique net premium, the annual net premium for a survival insurance, whole life insurance and mixed life insurance.

Keywords: premium; life insurance; mortality tables; commutation numbers (search for similar items in EconPapers)
JEL-codes: G22 G32 G35 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:12:y:2012:i:3:p:197-204

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