TY - BOOK AU - Zhu,Yanyun TI - Actuarial model: life insurance and annuity T2 - Series in actuarial science SN - 9781571461681 U1 - 368.01 23 PY - 2007///] CY - Boston PB - International Press KW - Actuarial science KW - Insurance KW - Statistical methods KW - Annuities KW - Accounting KW - Life insurance N1 - Includes bibliographical references (page 332) and index; 1; Interest and annuity-certain --; 2; Individual future lifetime --; 3; Life insurance --; 4; Life annuities --; 5; Insurance premiums --; 6; Insurance reserves --; 7; Joint-life functions --; 8; Mulitple-decrement model --; Appendix 1; Standard normal table --; Appendix 2A; Illustrative life table with i=0.06 --; Appendix 2B; Illustrative service table with i=0.06 --; Appendix 2C; Interest rate function at i=0.06 --; Appendix 3; Probability theorem and random variables --; Appendix 4; Interest rate and annuity-certain N2 - "Life insurance and life annuities are about cash flows, the time value of money, and the randomness of policyholders' death time. This book intends to present the actuarial model as a combination of these three factors. It also describes how to set premiums and reserves for those insurance products."--Publisher's website ER -