• 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