Actuarial Science Of Life Insurance-Study About Making Fees Of Insurance

The Actuarial science is applied by actuaries and the specialists of application statistics. Based on the theory of probability, it mainly concentrates on finance and insurance. That how to decide the fee for life insurance has direct relationship with the profit of insurance company. This article mainly discusses the fee for insurance, after introducing the present interest theory the basic knowledge and many methods of making fees, mention a new theory for the fees, the main contents are as follow:Introduce the concept and calculation methods of interest theory and random interest, analyze the future tendency of interest.Illuminate the characteristics of fee and list the traditional methods of making the fee.Come up with a new theory of making the fee:set up a concept of equivalent yearly fee, construct a new mathematic model, discuss and construct two simulative functions from people's mentality, get the method of making the fee which brings the most profits for insurance company.