International Journal of Quantitative Research and Modeling
Vol 3, No 4 (2022)

De Moivre Law Application for the Construction of Mortality Tables Based on Indonesian Mortality Tables 2019

Elsa Anna Pratiwi (Department of Mathematics, Faculty of Mathematics and Natural Sciences, Jenderal Soedirman University, Purwokerto, Indonesia)
Fitri Indah Ningtyas (Department of Mathematics, Faculty of Mathematics and Natural Sciences, Jenderal Soedirman University, Purwokerto, Indonesia)
Ratna Nur Aini Kamilia (Department of Mathematics, Faculty of Mathematics and Natural Sciences, Jenderal Soedirman University, Purwokerto, Indonesia)
Zahwa Aqila Nabilia Aqila Nabilia (Department of Mathematics, Faculty of Mathematics and Natural Sciences, Jenderal Soedirman University, Purwokerto, Indonesia)
Agung Prabowo (Department of Mathematics, Faculty of Mathematics and Natural Sciences, Jenderal Soedirman University, Purwokerto, Indonesia)



Article Info

Publish Date
04 Nov 2022

Abstract

The mortality table or often referred to as the life table is the main instrument used by actuaries in building premium and reserve structures for life insurance products, annuities, and pension programs. The mortality table provides a complete description of the mortality rate and life expectancy and shows the pattern of death of a group of people born at the same time based on the age they have reached and plays an important role as a basis for calculating the level of life expectancy in the future. This article aims to find out how to construct a mortality table with reference to the 2019 TMI for men with de Moivre's Law. In the results of the construction with de Moivre's law, the lowest  value occurred at the age of 0 years, namely = 0.00900901, while the highest  value occurred at the age of 110 years, namely  = 1. Based on the construction of the  value in the 2019 TMI for men using de Moivre's law, which is compared with the  value in the 2019 TMI for men, the results tend to be the same.

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Journal Info

Abbrev

ijqrm

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Engineering Environmental Science Physics

Description

International Journal of Quantitative Research and Modeling (IJQRM) is published 4 times a year and is the flagship journal of the Research Collaboration Community (RCC). It is the aim of IJQRM to present papers which cover the theory, practice, history or methodology of Quatitative Research (QR) ...