Penentuan Premi Tahunan Asuransi Jiwa Endowment pada Status Hidup Terakhir Berdasarkan Hukum Mortalita Makeham

Endowment life insurance in the last survivor status is a combination of term life insurance and pure endowment, where the heirs will get compensation if all the insured dies within a certain period. While, if at least one of the insured is still alive at the end of that period, the insured will get a payment from the insurance company. A person who takes endowment life insurance at the last survivor status must pay a premium in accordance with the policy contract. The premium paid annually is called the annual premium. Calculation of annual premiums can be done using table of mortality and Makeham mortality law. The calculation of the annual premium value for endowment life insurance in the last survivor status based on Makeham’s law of mortality is greater than table of mortality. Keywords: Life insurance, last survivor insurance, annual premium, Makeham’s law of mortality.