Abstract
The author investigates systematically all possible technical alterations of endowment and whole life assurances. The main point is that any alteration can be considered as the result of the alteration of one or several of the four basic values; sum assured, premium, duration of the policy and of the period of premium payments. The age at entry is not involved as long as the premium reserve is calculated on a prospective basis. A complete system of formulae for all possible (15) alterations is given, also a method to calculate the new age at entry as far as it is needed for technical reasons, as well as some practical applications.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
