Basic Concepts of Live Insurance Mathematics

  • F. Etienne De Vylder
Chapter

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1997

Authors and Affiliations

  • F. Etienne De Vylder
    • 1
  1. 1.GhentBelgium

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