Statistical Aspects of Joint Life Insurance Pricing
نویسندگان
چکیده
Joint life insurance policies can be issued to married couples so that the insurance payoff is due at the time of the first death of a spouse (joint-life policy) or the second death of a spouse (last survivor policy). In recent years, a certain attention in the actuarial industry has been attracted to the latter. These policies are generally used by older couples for estate tax purposes and carry large amounts of insurance.
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