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The Valuation of Joint Life and Survivorship Annuities

Published online by Cambridge University Press:  07 November 2014

M. D. W. Elphinstone  and
W. G. P. Lindsay
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Extract

Joint life and survivorship annuities on two lives form a troublesome class to deal with in valuations. Since the reserves are functions of two variables the annuities fall naturally into so many groups that they are often valued individually. In an office which writes much annuity business this process is laborious.

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 17 , 1945 , pp. 39 - 61
Copyright
Copyright © Institute and Faculty of Actuaries 1945

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