New model valuating for life assurances with invalidity benefits |
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Authors: | Helge Hougaard |
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Institution: | CODAN LIV , Gl. Kongevej 60, DK-1899 , Copenhagen V , Denmark |
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Abstract: | Abstract In a paper in this journal 1977, pp. 106–109 I described a technique splitting the risk element of a life assurance from the saving element. This technique can be extended to assurances with invalidity benefits. In Denmark, life assurances often include exemption of premium payment in case of invalidity caused by accident or disease. |
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