No interest makes pure endowment a survival probability
Provedactuarial_c_pure_no_interestactuarial-scienceinsurancelife-contingency
No interest makes pure endowment a survival probability.
Mathematical relation:
For this statement, the yearly death event, valuation origin and life-law normalisation follow the stated hypotheses. Death benefits are settled at the end of the policy year, whereas a maturity amount is payable at its anniversary. Every formula represents a currently open formal obligation unless it is a definition.
Preamble
import Mathlib.Data.Real.Basic import Mathlib.Algebra.BigOperators.Group.Finset.Basic import Definitions.Def_actuarial_c_alive import Definitions.Def_actuarial_c_surv import Definitions.Def_actuarial_c_pureMass open ActuarialAssurances
Formal statement
theorem actuarial_c_pure_no_interest (h n : ℕ) (p : ℕ → ℝ) : pureMass h n 1 p=surv h p n := by sorry
Source
Original derived finite life-contingency specification; S. David Promislow (2015), Fundamentals of Actuarial Mathematics, 3rd edition, Chapter 5, Section 5.4, endowment insurance, printed p. 65. https://www.oreilly.com/library/view/fundamentals-of-actuarial/9781118782521/ftoc.xhtml. The cited material establishes actuarial context and payment conventions. This particular finite Lean declaration is not a verbatim published theorem.
Human review
Confirmed by the mission captain (proposal self-audit).
Confirmed by the moderator at approval.