CD Skripsi
Cadangan prospective asuransi jiwa dwiguna last survivor dengan distribusi log-logistik
Endowment last survivor life insurance is a type of life insurance product that provides financial protection for two individuals and offers benefits either upon the death of both insureds or upon their survival to the end of the insurance period. In the event of a claim, the insurance company must allocate sufficient reserve funds. Reserve have an important role in ensuring the financial stability of insurance companies and in mitigating potential financial losses. This study calculates the prospective reserves for endowment last survivor life insurance using the log-logistic distribution. Parameter estimation of the log-logistic dis- tribution is performed using the maximum likelihood estimation (MLE) method and solved numerically through the Newton method. The computation invo- lves determining the survival probabities of the insured individuals, term life annuity, premium values, and the prospective reserve. The results show that the prospective reserve values using the log-logistic distribution are higher than based on Indonesian Mortality Table 2019.
Keywords: Endowment life insurance, last survivor, prospective reserve, log- logistic distribution, maximum likelihood estimation
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