Pricing long term care insurance contracts (Q1329406)

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scientific article; zbMATH DE number 600089
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English
Pricing long term care insurance contracts
scientific article; zbMATH DE number 600089

    Statements

    Pricing long term care insurance contracts (English)
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    11 October 1994
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    pricing long term care insurance contracts
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    discounted value of future benefits
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    LTC coverage
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    Markov chain models
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    transition probabilities
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    LTC contract
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    Markovian multistate model
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    expected DVFB
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    net single premium
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    annual premiums
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    potential theoretic approach
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    backward induction
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    Bellman's equation
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