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

Summary: 1/3
Chapter 6. Benefit premiums.
Manual for SOA Exam MLC.
Chapter 6. Benefit premiums.
Section 6.1. Funding a liability.
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.
2/3
Chapter 6. Benefit premiums. Section 6.1. Funding a liability.
Fully discrete benefit premiums
When an insurance takes an insuree it assumes a liability. The
insurance company will make one or several payments in the future.
In previous chapters, we consider the value of an insurance product
at issue time. The net single premium of an insurance product is
the (actuarial present value) APV of the benefit payments for this
insurance product.
Usually, insurance products are funded periodically while the

  

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

 

Collections: Mathematics