Abstract:
This article discusses full preliminary term reserve of endowment life insurance for
single insurance participant who are x years old using log-logistik and logistik distribution.
The parameters in the log-logistik and logistik distribution were estimated
using maximum likelihood then to obtain results you can use a numerical solution
by using software RStudio. The solution of problem is obtained by determining the
initial life annuity, single premium, and annual premium, then the full preliminary
term reserve formula is obtained based on the distribution of log-logistik and logistik.
The calculation results of full preliminary term reserves for endowment life insurance
using the log-logistik distribution is bigger than the reserve full preliminary term for
endowment life insurance that uses the logistik distribution.
