Student Work
Pricing a waiver of premium upon disability
PublicDevelopment of approaches to price a waiver of premium upon disability rider based on provision terms set forth by John Hancock Insurance and available data. Approaches involved random variables; age at disablement, duration of disability, and age at death. A rider premium was calculated such that the random loss (a function of those random variables) had an expected value of zero. Through data collection and SAS programming, an expense-loaded rider premium was calculated as a percentage of base premium.
- This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
- Creator
- Publisher
- Identifier
- 00D038M
- Advisor
- Year
- 2000
- Sponsor
- Date created
- 2000-01-01
- Resource type
- Major
- Rights statement
- License
Relations
- In Collection:
Items
Permanent link to this page: https://digital.wpi.edu/show/4j03d263d