风险与保险原理课件_ch13 人寿保险保费计算（12页）ppt.pdf

1.Mortality - 1980 CSO Table  (separate tables for male/female)

2.Interest - time value of money

3.Loading - for insurer expenses, taxes, profit

Commissioners 1980 Standard Ordinary Mortality Table

Males 

Females

DeathsLifeDeathsLife

AgePer 

1000ExpectancyPer 1000Expectancy

301.7343.

241.3547.65311.7842.311.4046.71

321.8340.

461.4545.78

331.9139.541.5044.84

342.

0038.611.5843.91

One Year Term Policy

Alive at age 219,810,509

Number who will die:

10,497

1 year term policy without interest:

$10,497,000

9,810,509=$1.07

1 year term policy with interest

$10,497,780 X 0.956994

9,810,509=$1.02

Annual Term for Five Years

Age 21$10,497,780 X 0.956994=$1.02

9,810,509

Age 22$10,682,000 X 0.95694=$1.04

9,800,012

Age 23$10,866,000 X 0.95694=$1.06

9,789,330

Age 24$11,147,000 X 0.95694=$1.09

9,778,464

Age 25$11,330,000 X 0.95694=$1.11

9,767,317

Net Single Premium:  5 Year Term Policy

Amount  Present Value

YearDeathsof ClaimsDiscountof Claims