Pricing of Teacher Insurance Products
Kang Yong-heng · Journal of Chongqing Institute of Technology · 2007
Pricing of life insurance products is the classical problem with rating as its kernel.This paper adjusts the life table with experiece factor and makes a price of the special life insurance products for teachers no older than 60 by actuarial method.Therefore,the single premium and annual level premium of teachers in different ages can be obtained.Taking the two main factors into full consideration——smoking and drinking,which effect teachers' life in practice,the gained rate is adjusted properly and the result is in favour of practical operation.