Actuarial present value of the payment stream on the unity deal.docVIP

 PAGE \* MERGEFORMAT 9 Actuarial present value of the payment stream on the unity deal [Abstract] The life annuity payment of the cumulative function of various payment methods and insurance unified, resulting in a variety of payment streams (including pension and life insurance premiums) for the actuarial present value of the integrated expression of E (Y) = 〖 JF (Z〗 + ∞ 0ST (t) vtdB (t) 〖JF)〗. From a theoretical point of view, highly abstract formulas usually allow us to better understand the nature of things, while no longer in the calculation of the basic obstacles to the issues discussed today, this can simplify the presentation of knowledge, which in the theory and practice are very meaningful. Keywords:] to pay the cumulative function; life annuity; actuarial present value 1 Introduction In the life insurance business, the life annuity is calculated by the calculation of various actuarial present value of an important part of the so-called life annuity is equal to time intervals (eg monthly, quarterly, six months or a year) and continuously a series of payments, However, these payments are conditional on the specified recipients live, once the recipients of death, to pay an immediate end. For the life of several in the actuarial present value of the life annuity, the literature is given its formula. specifically refer to the literature [1 ]. In fact, the annuity payments are regarded as a stream, they are a requirement in the event (death) appears to stop paying, the variety of annuity payment stream is essentially the same. The only difference is that the cessation of payments, the nature of the probability of an event (in the mathematical terms is its distribution function). So, whether continuous or discrete pension annuity, the actuarial present value calculations should be down in a unified framework for treatment. This article intends to various life annuity actuarial method of calculating the present value of unity, from a theoretica