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http://dx.doi.org/10.7465/jkdi.2013.24.3.571

Designing a life actuarial model with reflection of mortality differential by marital status  

Kwon, Hyuk Sung (Department of Statistics and Actuarial Sciences, Soongsil University)
Kim, Jung Eun (Department of Statistics and Actuarial Sciences, Soongsil University)
Publication Information
Journal of the Korean Data and Information Science Society / v.24, no.3, 2013 , pp. 571-584 More about this Journal
Abstract
Various risk factors other than age and sex affecting human mortality have been identified and quantitatively analyzed by previous studies in many area of research. Marital status is one of key mortality risk factors which affect life expectancy directly or indirectly. Relevant results have implication on risk management for both of social and private insurance. In this paper, a mortality model to reflect mortality differential according to marital status and possible transitions among marital status is designed. Various actuarial calculations were performed and related issues were discussed.
Keywords
Annuity; life insurance; marital status; mortality; risk factor;
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