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14-117/IV - Reserve-Dependent Benefits and Costs in Life and Health Insurance Contracts

  • Authors
    Marcus C. Christiansen, University of Ulm, Germany; Michel M. Denuit, Université Catholique de Louvain, Belgium; Jan Dhaene, Katholieke Universiteit Leuven, Belgium, University of the Free State, South Africa
  • Publication date
    August 29, 2014
  • Keywords
    life insurance, multistate models, Markov process, surrender value, Cantelli theorem
  • JEL