Basic Concepts of Live Insurance Mathematics

F. Etienne De Vylder

Chapter Chapter 4 in Life Insurance Theory, 1997, pp 25-28 from Springer

Abstract: Abstract The conjunction of a financial model and a mortality model is a life insurance model. The classical life insurance model is the conjunction of the classical financial model (with constant interest rate i) and the classical mortality model (with survival probabilities resulting from a continuous life table l ξ). The classical life insurance model is adopted if nothing else is stated explicitly. Some developments have direct generalizations in case of variable interest rates: it is enough to replace the discount factor vτ by vτ, everywhere.

Keywords: Interest Rate; Life Insurance; Equivalence Principle; Null Event; Mortality Model (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4757-2616-9_4

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DOI: 10.1007/978-1-4757-2616-9_4

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