Title of article :
An application of the -power approximation in multiple life insurance
Author/Authors :
Yi، نويسنده , , Zhang and Weng، نويسنده , , Chengguo، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2006
Abstract :
In this note, we combine the α -PAs and copula to approximate the survival probabilities of the general symmetric status. Two methods are constructed and the different approximations are compared with respect to stochastic ordering. As an application, these approximation methods are introduced to an endowment insurance contract and the effect of α value is discussed. Finally, two numeric examples are presented.
Keywords :
? -Power approximation , Endowment insurance , Death benefit , Multiple life , Survival benefit , premium , Copula , Survival copula , Stochastic ordering dominance , Force of Mortality
Journal title :
Insurance Mathematics and Economics
Journal title :
Insurance Mathematics and Economics