Net and Gross Reserve of Life Insurance
Net and Gross Reserve of Life Insurance
This Demonstration shows the net and gross premium reserves of life insurance. The reserves are calculated for the three basic types of life insurance: term insurance, pure endowment, and endowment with unitary benefit. For all cases, the premium can be paid as an -year temporary annuity. You can vary the technical interest rate in the range from 1 to 10% per annum. The decremental data used for the calculations is 2001–2005 Czech Republic data.
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