Wiedie, Ann H.
John Hancock Mutual Life Insurance Company
Development 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.
Worcester Polytechnic Institute
Major Qualifying Project
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