Abstract
A simple life insurance contract can be of two forms: (i) annuities paying specified amounts on fixed dates, provided that the insured is alive; or (ii) life insurances paying a specified amount at the death of the insured. All life insurance contracts can be built up as combinations of these two basic components.
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Bibliography
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Borch, K.H. (2018). Life Insurance. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1186
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1186
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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