TY  - JOUR
T1  - A Class of Variable Payment Life Insurance Actuarial Model with the Stochastic Interest Rate under the Weibull Distribution of Death
AU - Jia, Niannian AU - Ji, Yanhui 
JO  - Journal of Modern Mathematics and Statistics
VL  - 5
IS  - 4
SP  - 80
EP  - 83
PY  - 2011
DA  - 2001/08/19
SN  - 1994-5388
DO  - jmmstat.2011.80.83
UR  - https://makhillpublications.co/view-article.php?doi=jmmstat.2011.80.83
KW  - Stochastic interest rate
KW  -Wiener process
KW  -level net premium
KW  -Actuarial Model
KW  -Weibull mortality
KW  -China
AB  - Owing to the steady fluctuation of the Wiener process and the sudden disturbance of the negative binomial distribution, we proposed an interest force accumulation function model with a Wiener process and a negative binomial distribution. We built a n-years variable payment life insurance Actuarial Model with this interest force accumulation function. Meanwhile, we obtained the level net premium based on the semi-continuous variable payment life insurance policy with the hypothesis of Weibull mortality. Finally, we simulated model in a numerical example with Matlab and concluded the impact of different parameters upon the level net premium. That further verified the feasibility of the model.
ER  -