Abstract
A life insurance contract on the life x is a couple (Coo Poo) of time-capitals Coo and Poo depending on x. The time-capital Coo is the engagement of the insurer to be paid to x and Poo is the engagement of the insured x to be paid to the insurance company (see Ch.4.2). For the moment no expense-loadings are taken into account, i.e. only net contracts are considered. In practice, Coo and Poo are positive time-capitals, i.e. time-capitals with positive amounts.
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© 1997 Springer Science+Business Media Dordrecht
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De Vylder, F.E. (1997). Life Insurance Contracts (One Life). In: Life Insurance Theory. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-2616-9_9
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DOI: https://doi.org/10.1007/978-1-4757-2616-9_9
Publisher Name: Springer, Boston, MA
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