Approximate valuation of joint life policies |
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Authors: | Paul Johansen |
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Abstract: | Abstract 1. As a rule the number of joint life policies is very small compared with that of single life policies. Unless the acquisition policy of a company especially aims at effecting the former kind of policies, hardly more than one or two per mille of the total amount of the policies issued will cover more than one life. Under such circumstances it will not pay to combine these few policies in a special valuation group. |
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