CADANGAN NEW JERSEY PADA ASURANSI JIWA DWIGUNA JOINT LIFE BERDASARKAN HUKUM DE MOIVRE

Abstract

This article discusses the New Jersey's reserve for endowment joint life insurance which is restricted for two insurance participants who are x years old and y years old. The premium is paid until one of the insurance participants dies or insurance term ends. The solution of this problem is obtained by determining the present life annuity, single premium, and annual premium based on De Moivre's law. The calculation of the reserve in this article uses the prospectives reserves method and New Jersey.