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Chapter 4. Life Insurance.
Manual for SOA Exam MLC.
Chapter 4. Life Insurance.
Section 4.5. Payments at the end of the m­thly time interval.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam MLC. Fall 2009 Edition".
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
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Chapter 4. Life Insurance. Section 4.5. Payments at the end of the m­thly time interval.
Payments at the end of the m­thly time interval
It is unusual that claims are paid at the end of the year. A better
model uses that claims are paid at the end of each month, or other
period. In section, we consider the case when payments can be
made at m different equally spaced times a year. Previous
insurance quantities are defined as before. To indicate that
payments are made m­thly, a superindex (m) is added to the
actuarial notation of insurance variables.

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

Collections: Mathematics