- Tytuł:
- A Multiple State Model for Premium Calculation when Several Premium-Paid States are Involved
- Autorzy:
-
Dębicka, Joanna
Zmyślona, Beata - Powiązania:
- https://bibliotekanauki.pl/articles/2076271.pdf
- Data publikacji:
- 2018
- Wydawca:
- Polska Akademia Nauk. Czytelnia Czasopism PAN
- Tematy:
-
modified multiple state model
net premium
life annuity
criticalillness insurance
accelerated death benefits - Opis:
- The aim of this contribution is to derive a general matrix formula for the net period premium paid in more than one state. In order to avoid “overpayment” which implies higher premiums we give a formula for replacement of lump sum benefit into annuity benefits paid in more than one state. The obtained result is useful for example to more advanced models of dread disease insurances allowing period premiums paid by both healthy and ill person (e.g. not terminally yet). As an application, we supply analysis of dread disease insurances against the risk of lung cancer based on the actual data for the Lower Silesian Voivodship in Poland.
- Źródło:
-
Central European Journal of Economic Modelling and Econometrics; 2018, 1; 27-52
2080-0886
2080-119X - Pojawia się w:
- Central European Journal of Economic Modelling and Econometrics
- Dostawca treści:
- Biblioteka Nauki
Artykuł