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Optimal Investment Problem for Life Insurance Company by Considering Health Level

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Figure

Figure 1. Effects of health-level y on extra premium k(y).
Figure 2 shows the sensitivity analyzes of the value function of the insurance The different extra premium can make the value function keep nondecreasing with y and t
Table A1. The per capita insurance claims of four states from 2002 to 2006.
Figure A1. The fit curve of the extra claims f(y).

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