Continuous life annuities under uncertain interest rate

Shuai Wu, Liang Lin, Chao Wang

Abstract


Actuarial science provide scientific basis and tools for raising the level of management and making strategies, and life annuity is a critical issue of actuarial science. In this paper, we focus on presenting uncertain process for modeling the force of interest, combining the survival rate to calculate various life annuities. Then we compare the net premium under uncertain interest to the traditional methods for deterministic interest and stochastic interest.


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How to Cite this Article:

Shuai Wu, Liang Lin, Chao Wang, Continuous life annuities under uncertain interest rate, Journal of Mathematical and Computational Science, Vol 3, No 1 (2013), 185-194

Copyright © 2013 Shuai Wu, Liang Lin, Chao Wang. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

J. Math. Comput. Sci.

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