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Elementary generalizations upon Lidstone's approximation for two joint lives

Published online by Cambridge University Press:  18 August 2016

Heinrich Jecklin
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Extract

Lidstone's formula for approximating to the premium for a joint-life endowment assurance is

It has been found empirically that the greater the disparity in age the less accurate is the approximation. There is no such progressive loss of accuracy as the period of assurance lengthens.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 76 , Issue 3 , December 1950 , pp. 253 - 258
Copyright
Copyright © Institute and Faculty of Actuaries 1950

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References

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