Browsing by Author "Antono, Rizky Budi"

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    PREMI ASURANSI JIWA BERJANGKA CONTINGENT BERDASARKAN ASUMSI BALDUCCI
    (2020-07) Antono, Rizky Budi
    This article discusses Balducci assumptions on contingent term life insurance premiums for two persons at the age x and y years old. Contingent life insurance is an insurance whose payment are based on the sequence of the deceased insured. In determining the order in which death is delayed, the compound contingent function is used. In this article, net single premium contingent term life insurance, annual contingent term life insurance premium and term life annuity are obtained based on Balducci assumption, which is one of assuming a fractional age assumption. The analysis produces that contingent term life insurance premium value with Balducci assumption is smaller than contingent term life insurance premium value without Balducci assumption.