Determinants of Household Life Insurance Premium Expenditures: An Empirical Investigation

1967 ◽  
Vol 34 (3) ◽  
pp. 397 ◽  
Author(s):  
J. D. Hammond ◽  
David B. Houston ◽  
Eugene R. Melander
Keyword(s):  
Life Insurance ◽  
Empirical Investigation ◽  
Insurance Premium

scholarly journals PERHITUNGAN PREMI ASURANSI JOINT LIFE DENGAN MODEL VASICEK DAN CIR

2019 ◽  
Vol 8 (3) ◽  
pp. 246
Author(s):  
I MADE WAHYU WIGUNA ◽  
KETUT JAYANEGARA ◽  
I NYOMAN WIDANA
Keyword(s):  
Stochastic Process ◽  
Interest Rates ◽  
Life Insurance ◽  
Insurance Premium ◽  
Insurance Contract ◽  
Insurance Company ◽  
Vasicek Model ◽  
Cir Model ◽  
Premium Payment ◽  
Premium Price

Premium is a sum of money that must be paid by insurance participants to insurance company, based on  insurance contract. Premium payment are affected by interest rates. The interest rates change according to stochastic process. The purpose of this work is to calculate the price of joint life insurance premiums with Vasicek and CIR models. The price of a joint life insurance premium with Vasicek and CIR models, at the age of the insured 35 and 30 years has increased until the last year of the contract. The price of a joint life insurance premium with Vasicek model is more expensive than the premium price using CIR model.

scholarly journals MENENTUKAN FORMULA CADANGAN PREMI ASURANSI JIWA LAST SURVIVOR MENGGUNAKAN METODE NEW JERSEY

2019 ◽  
Vol 8 (4) ◽  
pp. 264
Author(s):  
I GUSTI AGUNG GEDE DWIPAYANA ◽  
I NYOMAN WIDANA ◽  
KARTIKA SARI
Keyword(s):  
New Jersey ◽  
Life Insurance ◽  
Insurance Premium ◽  
First Year ◽  
Premium Payment ◽  
Second Year ◽  
Annual Premium

Last survivor life insurance is a type of life insurance for two or more people, with premium payment up to the last death of the insured and at that time also provide the benefit from the insurer. The purpose of this research was to determine the formula for last survivor life insurance premium reserve using New Jersey method. To calculate the reserve: first we determine the benefit, and then the annuity and finnaly the annual premium. The premium reserve value in the New Jersey method on first year is zero. The premium reserve in the New Jersey method starts in the second year, for  years, with  where n represents the term of the insurance participant’s contract.

scholarly journals PERHITUNGAN PREMI ASURANSI JIWA DWIGUNA PASUTRI SEBAGAI PENERAPAN PEMBELAJARAN MATEMATIKA EKONOMI

2016 ◽  
Vol 3 (1) ◽  
pp. 99
Author(s):  
Irma Fauziah
Keyword(s):  
Family Member ◽  
Uniform Distribution ◽  
Life Insurance ◽  
Insurance Premium ◽  
Discount Factor ◽  
Mathematical Economics ◽  
Force Of Mortality ◽  
Actuarial Mathematics ◽  
The One ◽  
Compound Interest

<p>In learning mathematical economics, the calculation of life insurance premiums is a matter concerning the application of a combination of compound interest, probability, differential and integral.  Life insurance with multilife concept is the one of ap- plied in actuarial mathematics.  A functions, in the actuarial cal- culation, related to death sequence in multilife concept is called as contingent function.   Usage that function in calculation of insurance premium will assist the insurer in giving the benet precisely.<br />Contingent probabilities are resulted by multiplication be- tween the force of mortality of life in the last sequence of death which have been determined and probabilities of life all family member in multilife status. Insurance formulation is obtained by mutiplying this probabilities with <em>v</em>t discount factor and they are integrated by using the assumption of a uniform distribution of death throughout the year of age.</p>

scholarly journals Legal Consequences of Late Payments in Payment of the Insurance Premium // Pravne posljedice docnje u plaćanju premije osiguranja

2018 ◽  
Vol 8 (8) ◽  
pp. 102
Author(s):  
Slobodan Stanišić
Keyword(s):  
Life Insurance ◽  
Insurance Coverage ◽  
Insurance Premium ◽  
Insurance Contract ◽  
Insured Person ◽  
Legal Consequences

The paper discusses the legal consequences that may occur when the insured person late or do not fulfill the obligation to pay premiums. Failure to pay premiums on time and in the manner as provided by the insurance contract or by law, affect the beginning of life insurance coverage, and thus the existence of insurers liability to indemnify or pay the insured sum at the occurrence of an event that is insured case.

Expectancy Theory Predictions of Salesmen's Performance

1974 ◽  
Vol 11 (3) ◽  
pp. 243-253 ◽  
Author(s):  
Richard L. Oliver
Keyword(s):  
Life Insurance ◽  
Empirical Investigation ◽  
Expectancy Theory ◽  
Performance Criteria ◽  
Motivational Constructs ◽  
Sales Incentives

As a result of a lack of empirical investigation, the variance in salesmen's performance attributable to motivational constructs has not been estimated. Vroomian expectancy theory was used to show that the motivational perceptions attributed to a set of sales “incentives” by a sample of life insurance salesmen were related to two performance criteria.

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