A Perpetuity, Life Annuity, and Life Insurance Related to a Decomposition of 1

This note is about the historical development of the expression ... , where i is an annual interest rate and ... is a life annuity for a person age x. This expression has meaning in its own right, but it also equals ... , where ... is the expected present value of insurance of 1 unit paid at the end...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of legal economics 2014-10, Vol.21 (1), p.57
Hauptverfasser:	Skoog, Gary R, Ciecka, James E
Format:	Artikel
Sprache:	eng
Schlagworte:	Actuarial science Age Annuities Approximation Binomial distribution Interest rates Life annuities Life insurance Mathematicians Nominations Present value Probability distribution Studies
Online-Zugang:	Volltext
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