Valuing Equity-Linked Death Benefits on Multiple Life with Time until Death following a Kn Distribution
The purpose of this paper is to investigate the valuation of equity-linked death benefit contracts and the multiple life insurance on two heads based on a joint survival model. Using the exponential Wiener process assumption for the stock price process and a Kn distribution for the time until death,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2023-01-01
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| Series: | Journal of Applied Mathematics |
| Online Access: | http://dx.doi.org/10.1155/2023/9984786 |