Life insurance policies with statistical heterogeneous population

Research output: Contribution to journalArticlepeer-review


In the paper we consider an endowment insurance contract with a twelve months maturation time. Using the majorization order and Schur-convex functions we derive upper and lower bounds of the premium, the death and survival benefits for a hetrogeneous population of insureds. The bounds are obtained for the exponential, Balducci, and linear approximations.

Original languageEnglish
Pages (from-to)212-222
Number of pages11
JournalScandinavian Actuarial Journal
Issue number3
StatePublished - 1 Jan 2002


  • Bounds
  • Concave
  • Convex
  • Endowment
  • Functions
  • Insurance
  • Lower
  • Majoriza
  • Schur
  • Tion
  • Upper

ASJC Scopus subject areas

  • Statistics and Probability
  • Economics and Econometrics
  • Statistics, Probability and Uncertainty


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