Title :
Increasing Endowment Assurance Policy Actuarial Model under Random Rates of Interest
Author :
Liyan, Wang ; Xiaodong, Zhang
Author_Institution :
Sch. of Manage., Dalian Univ. of Technol., Dalian, China
Abstract :
This article establishes the endowment assurance policy model which has deposit function. In this paper, we introduce the survival annuity, increasing life insurance and repaid principal. Considering the actual investment situation of insurance premium, we establish the reflected Brownian motion model under random rates of interest. The concise expressions of formula are given in the case that death happens uniformly in every policy year.
Keywords :
Brownian motion; economic indicators; insurance; deposit function; endowment assurance policy model; insurance premium; life insurance; principal payment; random interest rates; reflected Brownian motion model; survival annuity; Computer science; Educational institutions; Electronic mail; Engineering management; Insurance; Investments; Pediatrics; Random variables; Risk management; Technology management; Annuity; life insurance; random rates of interest; reflected Brownian motion;
Conference_Titel :
Computer Science and Engineering, 2009. WCSE '09. Second International Workshop on
Conference_Location :
Qingdao
Print_ISBN :
978-0-7695-3881-5
DOI :
10.1109/WCSE.2009.648
