Debón, A.; Montes, F.; Puig, F. - In: European Journal of Operational Research 189 (2008) 3, pp. 624-637
Experience shows that static life tables overestimate death probabilities. As a consequence of this overestimation the premiums for annuities, pensions and life insurance are not what they actually should be, with negative effects for insurance companies or policy-holders. The reason for this...