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Item Details
| Title:
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LIFE INSURANCE THEORY
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| By: |
F. Etienne De Vylder |
| Format: |
Paperback |
| List price:
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£122.50 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
144195189X |
| ISBN 13: |
9781441951892 |
| Publisher: |
SPRINGER-VERLAG NEW YORK INC. |
| Pub. date: |
7 December, 2010 |
| Edition: |
1st ed. Softcover of orig. ed. 1997 |
| Pages: |
184 |
| Synopsis: |
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. |
| Illustrations: |
biography |
| Publication: |
US |
| Imprint: |
Springer-Verlag New York Inc. |
| Returns: |
Returnable |
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