/pdf/joint-life-term-insurance-reserves-use-the-retrospective-8l2vhsdei7.pdf

Joint Life Term Insurance Reserves Use the Retrospective Method Based on De Moivre Law

Term life insurance is an insurance that provides protection for a certain period that has been agreed upon in the policy. The policy is an agreement that contains the participant's obligation to pay premiums contributions to the insurance company and the insurance company's obligation to pay benefits in the event of a risk to the insurance participant as agreed in the policy. Interest rates will influence the calculation of premium value and benefits in the long term. So we need a model of interest rates that will change by time. One of the models that can be used is the CIR model. This research purposes to simulate the CIR model that will be carried out to determine interest rates for calculating term life insurance premiums for five years, with premiums paid at the beginning of the 1/m interval or monthly premium payments and benefits paid at the end of the 1/m interval when the participant dies. The case that will be discussed is when the benefit various. The results of this study are the CIR model can be applied to calculate the term life insurance premiums for five years and the premium calculation results show that the amount of the premium increase every year with varying benefits.

/pdf/determination-of-term-life-insurance-premiums-with-varying-3m9ic1ov.pdf

Determination of Term Life Insurance Premiums with Varying Interest Rates Following The CIR Model and Varying Benefits Value

Actuarial theory in a stochastic interest rate environment is an active research area in life insurance. Installment joint life insurance actuarial theories are one of the key contents in actuarial theory. In this study, an interest force accumulation function model with a Wiener process and a Poisson process is proposed as the basis for the installment joint life insurance actuarial models. Then increasing life insurance actuarial models with the consumer price index are approximated. With the proposed model, the net single premium, net level premium, the reserves and the risk of loss model are provided. The actuarial models in the paper provide a feasible method to calculate the life insurance premium.

/pdf/installment-joint-life-insurance-actuarial-models-with-the-233r4p9kbg.pdf

Installment Joint Life Insurance Actuarial Models with the Stochastic Interest Rate

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Installment Joint Life Insurance Actuarial Models with the Stochastic Interest Rate