Track: Optimization

Abstract

In this paper, the double life insurance premium stipulated with the combined status of last survivor and join life involving two insurance participants who have a kinship such as husband and wife, brother and sister, for which they work in the same institution. In determining the policy to be made by the life insurance party does not require two policies to be made, but only has one policy. So by having one policy it is expected that the premium paid by life insurance participants to the life insurance company will be smaller than if they had to pay in two policies. Determination of the bilingual life insurance premium that participants will pay to the insurer based on the chance of death of the two life insurance participants, stating a condition that will remain for at least one surviving member and will cease after the death of the last person of its members (all its members die), and is also a condition that lasts as long as all members of the combined several people can survive and will cease after one of its members first dies. To determine a single premium and an annual premium using the cash value of an early life annuity from dual-use life insurance. Meanwhile, the cash value of the initial living annuity was influenced by interest rates and discounted vaktor and also affected the combined life chances of the two insurance participants. Furthermore, prospective premium reserves are obtained by determining a single premium and an annual premium. In formulating the chances of dying insurance participants used the distribution of Gompertz, which in this distribution there are constants used to determine life chances and chances of dying.