Abstract:
This article formulates the term life insurance premium with a uniform assumption
for multiple decrement cases limited by two cases. Premium calculation is obtained
by determining the life annuity rst and the single premium value based on uniform
assumptions. Life annuity and annual premiums are settled by rst determining the
insurance participant's probability of exiting for multiple decrement cases. Thus, the
annual life insurance premium is obtained with a uniform assumption for multiple
decrement cases.