CHAPTER 4: INSURANCE BENEFITS

Ví dụ 4.1

:phanphaden.

idcan--
ding fult) nending 60
fo(t)
E(z) En= leuus1dt=
0.27.

jstdt-(-0.06tdt)
=

Ví dụ 4.2
var()=An-(An)= 0.0657

An=(e-streettestercreateantages
in
28 +h

Ví dụ 4.3
t(s n) *

I
+
-

Ste

A
=

8M
+

sites
Evk
-

1990 990+v4,99
-
+
v4990
varLIn- ()
-
vct
Ví dụ 4.4
0.8553
-

it ue-
=

=-u)-t(s u)
0.0464 + (s
#30:5
+

u)
u)(r1in(8
+

+
-

=-M.2 S
=

-
M
+

Stu
1. Review
of actuarial interest
theory.
Sam
i:
effective annual rate
of interest:

v 11:one year present value factor

=
(a shorthand for discounting)
1+ i

interest
S:the
force of per year
S
e,w e
8
log(1+i);
-

= 1 +i =
=

():the nominal rate

of interest compounded p times per year
1 i +

(1+m)
=

↓:The
effective of
rate discount
per year.
s
d e-
1 -v
i 1
= -

= =

&4:the
nominal rate
of discount compounded (p times per

4I
P
1 +
d
(1
=

2. Valuation benefits:
of insurance Level benefit policies.
benefit function:the
bra:The amount
of benefitas function a

of in
level benefit policies:bin l1Langs!

Non-level benefit policy:

a) Whole life insurance:The
Death
continuous case: Setra lienfr

Age (n) ↓ bithony

I I
·-- SA payable immediately on death.
Th
 z aTr e8tr.
=
=

E(24)

Var(2)
E(e-2stn)-
=

= An-(An)
/emntiat
T:Slagtri, hangs
E(S2) SAm. =

Yar(S2) SY En-Ea)4
=

bl The annual case. Kitratin

-
by
they lien ma
chi tra khi to
↳ im 1 Rate
0 I I
or
1 I
quy thanyou
Age(n) Th
nam,

rkut known cinnam fr

2 =
blu vac
their
xay a

Gratriktain can chain tir 1

byhim
IS this las

E(z) An=vk+1.P(kn
=
4) =

E(kn+1) e
-
k119m
=v.9u+2192 + vc9nt...
 E(x2kn 1) E(kt)192
+

*An=
=

=(2+
o The
fonthly case

am:thisgan sailsfromven a ban saw bar when

can
th nam

Vd: Kthisgansing the ven as i saw bar when

in nam. (Am
cas vteonan)chia
laiche m
VI'du:( 324
lasereveningnameare
=

do 32,4 naix & nam

kam- i (m. Tab

Tn 23,8
=

- ka 23
=

k2 23,8
-
=

23.2.
Sangtanven ma nam mia
C3+thei

4* = 23,8 =
23.
I
Death
occurs

Tr Singtrover 3 them 3
nai
quy mi-
↓ -Pay 1$
in
I I

age(u) ka + in

z
akam) in
=
-

P(k ) =
=

P(m Ta <-i)
9m
-m
 E(z) Alm mP(km )
=
= -

-
Iten
(m)
k0
=

rar (2) am =

2. Valuation
of insurance benefits:
Level benefitpolicies
d) / term insurance.The
continuous case

Thisthem totrabao him a trong ky

ham. Saw tokittenham
-

had
a onittaitay Sentana 1 $
↓
-
Age()
o

2:
lagtri hietai phir bthmy. Ac
Kowhan

2
fat
=

O
in n
Tax W
n

E(z) Enin=(est. 1Pr. Matt dt.

=

EC24=
Anin=(re-Pu Matt at

var (2) = hin Ain]"

el :Annual case.

ka+1

S
v
ikx<n -
1
2 =

0 "m3m
x)
EPU:expected value:
4k
=

E(z) An. = k+ =
R
·

4192

E(24= Anin= utt. I am

var (2) =
<P. 9n+K

8 ErX othly case

rk+m;
I
(m)
1
z =
kn = n -

m
0
i kam, n

#(2) A*m= +E In
=

k 0
=

-+
m.Im in
im
2
=

k8=
9/ Pure endowment:
Death day Death'sday
I I
h
O
Hei
Khan wham Heis 1$ fain
Age(n)
⑧

E
Tr < m
2 =

2", Tr>N

EPU
E(2) Anin aN.P = =
nEn.
=

E(2) Anin v2.Ph

= =

var(z) = v2
npr.nqu -term+ pure
h) Endowment Death
insurance -
The
continuous case

↓
i
I -
↑
O 15 Death nhan tain.
Age(n)
Ta
Tn <u
Ssh, Tan
se
,
2 =

uPm.
2
+

M-8t -

E(z) =1e Mr Mattat (ne

Su
-

tPr-Mutt4t
Eni- Enin+ Anini
il -Annual case:

sek, knIn-1
2 =

E an kn > n
2min(kn 1,n)
=
+

=(2) Anin= =
Anin+ Ann

il
Intheyare
e
+h

S
v

= (m7
ah kn >
Min (kn+mi)
2
=

E(z) An+Anit
=
 fePr.
n. St
An:= e Pu Mattat
+
Matt
t
t(8
u))n
·-u.es.e-utf
Esten(stule
- +

e nst)
Sa-un

I n)
Ví dụ 4.5 -

e ne =
-

Ste

0.9071
=

Ví dụ 4.6

k0
=

=v.
9g
190. (ears) 0.2642 =

190
=Ajin + Asoi- +w.Pgo= I 100s) 0.93396
+
=

Ppdte
Ví dụ 4.7

5t
Y Ysu++=E -t
tP=
G)=-CtPa)=f
-

=
(-0.05.Pso.gott t

165-0.05t ut

lostpeo
=

Ví dụ 4.8
65 -0.05t 130
be.
Getfat
-

= Var (1.02) 10002. =

(*An- (n)Y
89053.8
=

Ví dụ 4.9

Eerorte-rostcusalt=0.0s Jeu.14tdt--.e14t1s -

0.06).er22tdt e018= s
Ac=(eune-root. 0.06dt =

=
4) Deferredinsurance benefit

ofdeath
this
--
trngay
-Death
saw a this mas not btt

S zin,
0 Ta <n
·
=

in m
+x

Non-Sue'*
E(2) Pa. Matte
↓
ut

# whole annual
.
case

#(2) E* 1Pr qu
=

+ k mAn
-
 deferred
uyear
*
-
term life:continuous case

Al
it Deathx: o
I
↓ Death-pay1$
of
in
↓
Death

>
O U +x

Age(x)

E e-Sin,
O Tn
.
<U or Tn] utm
2 =

u_Tn =
ut n

E(z) mFin= =

(es.*
P u. Mutt
dt. K
=

*stPh.Muttat-(e-st IP Matt
at

Anin=An. -Ahim= En A
·
A
-

tuit
 each the benefit on death

3. ous non-level benefit policies:

a/continuously increasing whole lie insurance:

soltius bhtany 1 dach

hinte

bin Tx
=

Z Tr.sta
=

Yit.e?Pu
EPU It
E(z) EA= =
Matt

b)
Annually increasing
whole
life insurance

z=
bi(x+ 1)
=

LTa+1). Vtn

EPU. (EA)n)." [++1) ut. 1Pr.Natydt.

( 1). est
+
/Continuously Increasing n-year term LI

Tn.; Tn n
bin=
DV:2 Tr.
e-8tx
Tu n.
=

EAIhn=J."t.e. APK. Muttat.

-
St
IPV:

(e.2pm. Adt= mte-at-at-theloktalt Em

-
0.04
=

Stesentdt
e
m),t.elstuitetDate sentdue
(8 u)t
⑦
+
-

En s ->
elstulta
1. (esnt e

- o
z.e(stu)+1
+

Of
 B:+Peu=et.rdr_em(so-rsI
in(so-t)-Inso

t
B:Mott
t
B:
Ajoie=(e-rsst+ +=5.je-ot
=0.17389.

=jevosteft? dt=st."eatdt=e"not?=0.1528
Ví dụ 4.10

rkt.
-

v495
49n=
=
v.950 V11950 U490
+
+

Ví dụ 4.11
V.0.05
=
+V?Pi0.951 V.2450952
wr
+

0.12968
=

P5s. P51

-phanphadenf(u)=Fc
Hatu v
2e

(.t.e -Pr. Mattet- (t.e-0.05 0.5dt

= 0.935
20

·Lt+ 90) ePn-mdt+SeP-Mntt 1,4165

.e -Pr. Murtdt= =

Ví dụ 4.12
N

-
0

Part
Pr
=
I
-
-An uk-4/9n= vn+ V.49m I
2

v. Ant

Ví dụ 4.13 I v0.02 -v pn 9n+1 + VP.cPr· 92+2

2
v3. (1-qu). (1-qx7).0.os
=v. 0.027, V(1-qn)0.84 +
/

3.185 4.185

1629,06023
U.02 0.84
=
4) Discrete non-level benefit insurance

Favo naim
our

&
HEn:= Ac.-*a.= An-Vpn.Antis-Ant rsPh. *n+5
0.0414
-

Anit=An-v, Pr. *n+15

a) epool ↓
200

(a)
I
15 >

=0.15617-()*5.0.314208 -wr - a
0.04447
=

al, 0$
I 15 T

15Pn =
2

15=
E(21) 10000. An: is
=
+
2000.v5P 8187,6056
=

Ví dụ 4.14E(2) 100005/*n.51
= +
10000 vis4n 3457,08
=

duial vPer *
&

- +

co
e
1
A20:20)

Ecico
=>
+ Acri
0.185
=>

0.3
=

Ví dụ 4.15

) A

=An- (An)

Ví dụ 4.16
Ví dụ 4.17

Ví dụ 4.18

Ví dụ 4.19
 tAg= kPaqatk vonPa.
Aso
= +Amen
n2

v.900+?You 901tvPoo. Ase

=

0.6167 Pso. Pol

= -

+As