Life Contingents
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In our eReader you can find the full English version of the book. Read Life Contingents Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Life Contingents
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To quickly assess the difficulty of the text, read a short excerpt:
It is clear from a comparison of the prospective and retrospective formulae (16) that the retrospective method is generally the simpler for use in valuing assurances with return of premiums.
If the premiums are returnable only in the event of death during the n years, the expression for the value of the policy by the retro- spective method is the same as formula (16) if the values of P and P' be those for the particular benefit involved.
But if the premiums are returnable only in the event of t...he assured surviving to the end of the period of the contract, there will not have been any claims for the return of premiums, and the expression for the policy value takes the form P (N M - N M+ «)- (M M - M M+t ) 19. Instalment and Debenture Policies. In valuing a policy under which the sum assured is payable by instalments or the payment of the sum assured is deferred, interest being allowed in the meantime, the ordinary policy values can be employed provided they are multiplied by the factor representing the value as at the time the claim arises of the benefit assured.
What to read after Life Contingents?
You can find similar books in the "Read Also" column, or choose other free books by Institute of Actuaries (Great Britain) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is clear from a comparison of the prospective and retrospective formulae (16) that the retrospective method is generally the simpler for use in valuing assurances with return of premiums.
If the premiums are returnable only in the event of death during the n years, the expression for the value of the policy by the retro- spective method is the same as formula (16) if the values of P and P' be those for the particular benefit involved.
But if the premiums are returnable only in the event of t...he assured surviving to the end of the period of the contract, there will not have been any claims for the return of premiums, and the expression for the policy value takes the form P (N M - N M+ «)- (M M - M M+t ) 19. Instalment and Debenture Policies. In valuing a policy under which the sum assured is payable by instalments or the payment of the sum assured is deferred, interest being allowed in the meantime, the ordinary policy values can be employed provided they are multiplied by the factor representing the value as at the time the claim arises of the benefit assured.
What to read after Life Contingents?
You can find similar books in the "Read Also" column, or choose other free books by Institute of Actuaries (Great Britain) to read onlineMoreLess
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