Life Insurance

  • Hans U. Gerber


Under a life insurance contract the benefit insured consists of a single payment, the sum insured. The time and amount of this payment may be functions of the random variable T that has been introduced in Chapter 2. Thus the time and amount of the payment may be random variables themselves.


Life Insurance Recursion Formula Standard Type Term Insurance Alternative Formula 
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Copyright information

© Springer-Verlag Berlin Heidelberg 1995

Authors and Affiliations

  • Hans U. Gerber
    • 1
  1. 1.Ecole des H. E. C.Université de LausanneLausanneSwitzerland

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