Abstract:
This article discusses the reserve life insurance contingent for two persons at the age of
x and y years old. Contingent life insurance is an insurance whose payments are based
on the sequence of the deceased insured. The calculation of the reserve usesthe method
of premium sufficiency, where the calculation considers the management expenses of
company, assumingas gross premium. Gross premium calculation is acquired in
advance by determining the present value of life annuity and net premium where these
calculations are based on Makeham distribution.