PREMI ASURANSI JIWA SEUMUR HIDUP DENGAN DISTRIBUSI KOMPOSIT EKSPONENSIAL-PARETO
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Date
2022-07
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Elfitra
Abstract
This article discusses the annual premium on whole life insurance for insurance
participants aged x years using a composite model method that where there are
parameters in the model is estimated using maximum likelihood method. Premium
payments stop if the insurance participant die. The solution to the problem is to
obtain by determining the annuity continuous and single premium, then to obtain the
annual premium formula with using the exponential-Pareto composite distribution.
The annual premium for whole life insurance using the exponential-Pareto composite
distribution is smaller than the annual premium using the mortality table.
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Keywords
Annual premium, whole life insurance, maximum likelihood method, exponential-Pareto composite distribution
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