Commissioners Method for Last Survivor Whole Life Insurance Reserves With Gompertz Law
Agus Sofian Eka Hidayat,
Arnol Styven
Abstract:Life insurance plays an important role in protecting one’s life in terms of financial risks. The right required reserve is one aspect that should be secured to obtain a good company’s financial health. A study reported that insufficient reserve is one of the primary causes of insolvency issues among bankrupted insurance companies. Therefore, this study aims to use the Commissioners method in calculating the reserve of the last-survivor whole life insurance policy The Gompertz mortality law is used to estimate … Show more
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