A Probabilistic Theory for Collective Children's Pension Insurance.

1A. When a Norwegian employer takes out a policy for retirement and survivors' pensions, say, for his staff, the tariff generally applied will be that of collective (or group) pension insurance [6], [5, page 201]. In such a case, the insurer will be informed of the age and sex of each person insured (as well as of the amount insured, of course), but he will not know who is married or has children, nor the ages of any spouses and children. The premium for a male staff member will depend on his sex and age at issue, but not on the age of his wife and children, if he has any, nor, indeed, will it depend on whether he has any at all. If such an insured dies, the pattern of benefits paid will depend on the survivors he turns out to leave behind. We may perhaps say that the structure of such survivorship is among the risks run by the insurer. [ABSTRACT FROM PUBLISHER]