ANALISIS MODEL PREMI TAHUNAN ASURANSI JIWA BERJANGKA STATUS HIDUP GABUNGAN TERAKHIR MENURUT HUKUM DE MOIVRE

Term life insurance divided into joint-term life insurance and last survivor-term life insurance. The payment for former is carried out until the death of the first person from the number of participants within a year, while that for later is carried out until the death of the last person of the number of participants in the year. Following term life insurance product must pay a premium each year until   year, called the annual premium. The annual premium can be calculated based on general formulas using mortality tables and De Moivre's law. In this study, the analysis of the annual premium value of the last survivor-term life insurance was analyzed without using the law and by using the De Moivre ’s law. The calculation using De Moivre ’s law resulted greater value than that using general formula.