Evaluating endowment insurance and equity-linked life insurance with the Mixture Mortality Function
碩士 === 國立暨南國際大學 === 財務金融學系 === 94 === This paper appraises endowment insurance and equity-linked life insurance. With characteristics of minimum guarantee and uncertain benefit, the value of equity-linked life insurance contract depended upon the performance of a reference portfolio. We use the mixt...
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| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2006
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| Online Access: | http://ndltd.ncl.edu.tw/handle/28551883735066427534 |
| Summary: | 碩士 === 國立暨南國際大學 === 財務金融學系 === 94 === This paper appraises endowment insurance and equity-linked life insurance. With characteristics of minimum guarantee and uncertain benefit, the value of equity-linked life insurance contract depended upon the performance of a reference portfolio. We use the mixture mortality model to determine the death and survival probability. After estimating the parameters of the mixture mortality model using open data for Life Tables in 23 countries in 2005, we determine the premiums for a death claim and a survival claim for endowment insurance and equity-linked life insurance. We also show numerical comparative analysis of endowment insurance and equity-linked life insurance.
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