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Life Insurance Theory - Actuarial Perspectives (Hardcover, 1997 ed.) Loot Price: R4,462
Discovery Miles 44 620
Life Insurance Theory - Actuarial Perspectives (Hardcover, 1997 ed.): F.Etienne De Vylder

Life Insurance Theory - Actuarial Perspectives (Hardcover, 1997 ed.)

F.Etienne De Vylder

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Loot Price R4,462 Discovery Miles 44 620 | Repayment Terms: R418 pm x 12*

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This book is different from all other books on Life Insurance by at least one of the following characteristics 1-4. 1. The treatment of life insurances at three different levels: time-capital, present value and price level. We call time-capital any distribution of a capital over time: (*) is the time-capital with amounts Cl, ~, ... , C at moments Tl, T , ..* , T resp. N 2 N For instance, let (x) be a life at instant 0 with future lifetime X. Then the whole oO oO life insurance A is the time-capital (I,X). The whole life annuity a is the x x time-capital (1,0) + (1,1) + (1,2) + ... + (I,'X), where 'X is the integer part ofX. The present value at 0 of time-capital (*) is the random variable T1 T TN Cl V + ~ v , + ... + CNV . (**) In particular, the present value ofA 00 and a 00 is x x 0 0 2 A = ~ and a = 1 + v + v + ... + v'X resp. x x The price (or premium) of a time-capital is the expectation of its present value. In particular, the price ofA 00 and ax 00 is x 2 A = E(~) and a = E(I + v + v + ... + v'X) resp.

General

Imprint: Springer
Country of origin: Netherlands
Release date: August 1997
First published: 1997
Authors: F.Etienne De Vylder
Dimensions: 234 x 156 x 12mm (L x W x T)
Format: Hardcover
Pages: 184
Edition: 1997 ed.
ISBN-13: 978-0-7923-9995-7
Categories: Books > Business & Economics > Finance & accounting > Finance > Insurance > General
Books > Money & Finance > Insurance > General
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LSN: 0-7923-9995-1
Barcode: 9780792399957

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