An Alternative Premium Calculation Method for Certain Long-term Care Coverages
نویسنده
چکیده
Several probability models for the random amounts of needed long-term care are explained, and one model is used to provide an alternate premium calculation method for certain long-term care coverages. Approximations to the mean and variance of the future payments random variable are derived. Provision for adverse claim experience is contained in the premium technique. The model and method is i l lustrated with a complete example. Suggestions for reading in demographic journals, governmental pamphlets, medical journals, gerontology journals, and actuarial journals are provided.
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تاریخ انتشار 2000