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- W87390581 abstract "This chapter describes the capital redemption policies and the prospective policy value. It discusses the capital outstanding under a unit loan repaid over n years at the end of the r th year. One comes across it or rather the complement of it with respect to 1 (the unit sum assured) in connection with policy values. It may help if an L instead of the sum assured (1 in a unit policy) is imagined to be present throughout as a coefficient that never gets cancelled. The present value of the sum assured is the full sum assured, discounted back through the unexpired term, which at the end of the t th year is ( n − t ) years. The present value of the future premiums (as the next is due tomorrow or at least a negligible time ahead relative to one year) is the annuity-in-advance factor for the unexpired term, multiplied by the premium." @default.
- W87390581 created "2016-06-24" @default.
- W87390581 creator A5052160415 @default.
- W87390581 date "1969-01-01" @default.
- W87390581 modified "2023-09-25" @default.
- W87390581 title "Capital Redemption Policies: The Retrospective Policy Value" @default.
- W87390581 doi "https://doi.org/10.1016/b978-0-08-013300-3.50023-2" @default.
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