Identities for present values of life insurance benefits

Authors
Citation
R. Norberg,, Identities for present values of life insurance benefits, Scandinavian actuarial journal , 1993(2), 1993, pp. 100-106
ISSN journal
03461238
Volume
1993
Issue
2
Year of publication
1993
Pages
100 - 106
Database
ACNP
SICI code
Abstract
The rule of integration by parts produces useful formulas for the present value of a payment stream. Applied to life insurance, utilizing the counting process nature of the development of the policy, the rule induces three classes of identities, some generalizing certain classical relationships between life annuities and assurances and some not hitherto encountered in the literature.