Premi Untuk Asuransi Jiwa Berjangka Pada Kasus Multistate

In this paper, a formulation for a single premium term life insurance in multistate case is discussed. Using Markov chain, the amount of displacement between transition state is obtained by using probabilities which are solved using Chapman-Kolmogorov differential equations. The time used is homogeneous so that the transition rate is constant. Keywords: transition probabilities, Chapman-Kolm…