By simulating hypothetical Medallion Variable Life Insurance policies, appropriate premiums are determined to guarantee a death benefit for various lengths of time under various investment scenarios. With these premiums there is an estimated high probability of having an adequate account balance by the end of the guarantee periods. As with any guarantee, John Hancock will lose money on policies that fail. Additional fees are calculated to offset the expected losses of failed policies.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Woods, Shelby Brooke
• Korthas, Aaron K.

Publisher

• Worcester Polytechnic Institute

Identifier

• 99D029M

Advisor

• Wiedie, Ann H.

Year

• 1999

Sponsor

• John Hancock Mutual Life Insurance Company

Date created

• 1999-01-01

Resource type

• Major Qualifying Project

Major

• Mathematical Sciences
• Actuarial Mathematics

Rights statement

• In Copyright