| Henk Wolthuis | ||||||||||||
| Belgium | ||||||||||||
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| Date: Thursday, March 21 |
Session: 82 |
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Life |
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Summary
Following the ”time-capital ”approach of De Vylder (1997)it is shown that a fair life insurance contract can uniquely be separated into a fair savings and a fair pure risk contract.It is also shown that each fair life insurance contract can be separated into a fair associated stochastic savings contract and a corresponding fair associated risk contract with the same premium structure as the original contract. |
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