Actuarial Modeling of Life Insurance Using Decrement Models

The aim of this paper is to elucidate decrement models and their use in actuarial calculations in life insurance. The first part deals with the most often used decrement model, the mortality table. The second part gives an example based on a simple model to illustrate the creation of a multi-valued decrement table using the data from the single-value tables for a group of decrements and their use in insurance mathematical calculations.