Valuing Equity-Linked Death Benefits on Multiple Life with Time until Death following a K n Distribution

Keyphrases

• Life Insurance 100%
• Joint Survival Function 100%
• Equity-linked Death Benefits 100%
• Bivariate Sarmanov Distribution 50%
• Stock Price Process 50%
• Joint Life 50%
• Density Function 50%
• Survival Model 50%
• Insurance-based 50%
• Guaranteed Minimum Death Benefit 50%
• Closed Expression 50%
• Marginal Distribution 50%
• Process Assumptions 50%
• Wiener Process 50%

Mathematics

• Death Benefit 100%
• Polynomial 33%
• Laplace Transform 33%
• Bivariate 33%
• Wiener Process 33%
• Survival Model 33%
• Marginal Distribution 33%
• Explicit Formula 33%
• Price Process 33%
• Density Function 33%