Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/85657 
Year of Publication: 
1997
Series/Report no.: 
Tinbergen Institute Discussion Paper No. 97-131/4
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
In this paper life insurance contracts based on an urn-of-urns model, with age-at-death asobservable variable, are analyzed. Premium payment functions based on the principles of“equivalence on an individual level” and “equivalence on a group level” are compared. Boththe aggregate loss and its second moment for an individual contract are split in severalcomponents. Life insurance contracts are compared with non-life insurance contracts, alsowith respect to solidarity.
Document Type: 
Working Paper

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