Bonus, Salary Increases and Real Value of Pensions

An Actuarial Analysis of Participating Life Insurance

“…Moreover, a valuation loss may be experienced if the policyholder does not continue paying premiums assuming that the policyholder in this case is entitled to a paid-up benefit. However, following Linnemann (1994), we divide the basic benefit into a paid-up benefit, which is based on the past premiums, and a so-called premium benefit, which is based on the future premiums payable. Whereas the latter is financed by natural premiums, the former is financed Downloaded by [Istanbul Universitesi Kutuphane ve Dok] at 12:57 20 December 2014 P. Linnemann 156 by recurrent single premiums.…”

“…Width, 1986;Ramlau-Hansen, 1991;Linnemann, 1994). Let DS(t) be the total amount of this supplementary maturity benefit at time t, which is purchased on the first-order technical basis.…”

“…2 155 1.3. Contents of the paper Using Thiele's differential equation and the approaches in Linnemann (1993Linnemann ( , 1994, we develop a simple actuarial model to reveal the intrinsic nature of participating life insurance. It is our aim to illustrate fundamental matters in connection with actuarial reserving of level premium life insurance policies.…”

Una applicazione dell'approccio multistato ai fondi pensione

“…Le prime applicazioni in campo attuariale della modellistica multistato si attribuiscono ad Amsler [1] e Hoem [5,6] e recenti applicazioni sono dovute a Wilkie [17], Pitacco [9,10], Linnemann [8], Wolthuis [18]. In prevalenza questi studi si riferiscono alle assicurazioni individuali di persone, mentre in alcuni di essi vengono trattati problemi connessi a schemi previdenziali: in particolare Amsler ha studiato il caso dell'invalidits Wilkie ha considerato la costruzione di tavole di vedovanza e Linnemann ha trattato della determinazione, nel caso con-tinuo, di diverse grandezze relative ai fondi pensione con riferimento al sistema previdenziale danese.…”