Abstract:
This article discusses Zillmer's reserve of last survivor endowment life insurance.
Zillmer's reserve is modi ed reserve calculation using prospective reserve and the
size of Zillmer's rate. Last survivor is life insurance of two person who are x years
and y years old with a condition that premium is payed until the last death of
insurance clients. This reserve is obtained by determining the single premium,
annual premium, and life annuity. The calculation uses Makeham's law.
