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Statistical Methods with Applications to Demography and Life Insurance
book

Statistical Methods with Applications to Demography and Life Insurance

by Estate V. Khmaladze
March 2013
Intermediate to advanced content levelIntermediate to advanced
242 pages
5h 47m
English
Chapman and Hall/CRC
Content preview from Statistical Methods with Applications to Demography and Life Insurance
151
can apply the proposition (12.6) and see that in the case of compound-
ing c(t) and p(t) the ratio p/c is larger than in the case of level cover
with constant c and p. This does not imply, of course, that the contract
in the compounding case is “more expensive” in both contracts the
expected values of what the policyholder and insurance company pay
are equal; but in the case of the compounded amounts larger sums are
changing hands.
Group life insurance. Consider a group of k persons of ages
x
1
,x
2
,... ,x
k
entering into a joint life insurance contract with an insur-
ance company. Let the distribution functions of the remaining lifetimes
T
1
x
1
,T
2
x
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Publisher Resources

ISBN: 9781466505742