Home

About

Advanced Search

Browse by Discipline

Scientific Societies

E-print Alerts

Add E-prints

E-print Network
FAQHELPSITE MAPCONTACT US


  Advanced Search  

 
Chapter 6. Benefit premiums. Manual for SOA Exam MLC.
 

Summary: 1/24
Chapter 6. Benefit premiums.
Manual for SOA Exam MLC.
Chapter 6. Benefit premiums.
Section 6.8. Non-level premiums and/or benefits.
c 2008. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for SOA Exam MLC. Fall 2010 Edition",
available at http://www.actexmadriver.com/
c 2008. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
2/24
Chapter 6. Benefit premiums. Section 6.8. Non-level premiums and/or benefits.
Non-level premiums and/or benefits.
Let bk be the benefit paid by an insurance company at the end of
year k, k = 1, 2, . . . . The contingent cashflow of benefits is
benefits 0 b1 b2 b3
Time after issue 0 1 2 3
Hence, the APV of the contingent benefit is

k=1

  

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

 

Collections: Mathematics