ITEM METADATA RECORD
Title: Reserve-dependent benefits and costs in life and health insurance contracts
Authors: Christiansen, Marcus C. ×
Denuit, Michel
Dhaene, Jan #
Issue Date: 2014
Series Title: Insurance: Mathematics & Economics vol:57 pages:132-137
Abstract: Premiums and benefits associated with traditional life insurance contracts are usually specified as fixed amounts in policy conditions. However, reserve-dependent surrender values and reserve-dependent expenses are common in insurance practice. The famous Cantelli theorem in life insurance ensures that under appropriate assumptions surrendering can be ignored in reserve calculations provided that the surrender payment equals the accumulated reserve. In this paper, more complex reserve-dependent payment patterns are considered, in line with insurance practice. Explicit formulas are derived for the corresponding reserve.
ISSN: 0167-6687
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center Insurance, Leuven
× corresponding author
# (joint) last author

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