Abstract
Current actuarial notation permit the calculation of annuities given annual benefit amounts that are consistent or that increase annually by a specified dollar amount. This paper, entitled "The Impact of Inflation on the Theory of Life Contingencies," provides a methodology that can be used to calculate the total value of annuities for which benefits are expected to increase annually by a specified percentage rate. The methodology permits the calculation of the value of the annuity on both nominal (undiscounted) and discounted bases.
Keywords: Loss Development, IBNR
Volume
Winter
Page
75
Year
1991
Categories
Actuarial Applications and Methodologies
Reserving
Discounting of Reserves
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Business Areas
Other Lines of Business
Publications
Casualty Actuarial Society E-Forum
