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
Pages
15
From page
98
To page
112
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
Serial Year
2006
Journal title
Insurance Mathematics and Economics
Record number
1543003
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