Optimum amount of an insurance sum in life insurance

Personal insurance represents one of the sources of personal social security as a category of personal property. How to get a proper life insurance is a frequently asked question. When insuring material objects (car, house...), the problem is usually not in the amount of the taken insurance. With li...

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Bibliographic Details
Main Authors: Janez Balkovec, Marija Ovsenik
Format: Article
Language:English
Published: University of Split, Faculty of Economics 2001-01-01
Series:Management : Journal of Contemporary Management Issues
Subjects:
Online Access:http://hrcak.srce.hr/file/272166
Description
Summary:Personal insurance represents one of the sources of personal social security as a category of personal property. How to get a proper life insurance is a frequently asked question. When insuring material objects (car, house...), the problem is usually not in the amount of the taken insurance. With life insurance (abstract goods), problems as such occur. In this paper, we wish to present a model that, according to the financial situation and the anticipated future, makes it possible to calculate the optimum insurance sum in life insurance.
ISSN:1331-0194
1846-3363