Abstract
Life insurance is concerned with financial transactions whose payments depend on death or survival of the policyholder. For example, a life annuity makes regular payments until the insured dies, while other insurances pay a fixed sum on death. On the other hand, if the premiums for a life insurance are paid over a longer period of time, then their payment is contingent on survival.
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© 2002 Springer Science+Business Media Dordrecht
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Gupta, A.K., Varga, T. (2002). Mortality. In: An Introduction to Actuarial Mathematics. Mathematical Modelling: Theory and Applications, vol 14. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-0711-4_2
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DOI: https://doi.org/10.1007/978-94-017-0711-4_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5949-9
Online ISBN: 978-94-017-0711-4
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