Joint mortality profit and limited-contingent survivor benefits: jlReversionaryPayment_zero_no_death
ProvedActuarialValuation.jlReversionaryPayment_zero_no_deathactuarial-scienceformal-verificationjoint-life-mortality-profit
No member death means no reversionary spouse payment. This original derived actuarial relation uses the parameter restrictions, endpoints and units stated in the separate formal theorem or definition.
Mathematical relation:
Preamble
import Mathlib.Data.Real.Basic import Mathlib.Algebra.BigOperators.Group.Finset.Basic import Mathlib.Data.Fintype.Basic import Definitions.Def_actuarial_jlReversionaryPayment
Formal statement
namespace ActuarialValuation theorem jlReversionaryPayment_zero_no_death (py benefit : ℝ) : jlReversionaryPayment 1 py benefit=0 := by sorry end ActuarialValuation
Source
Original derived actuarial mathematics, published source page 132. Dickson, Hardy and Waters (2020), Actuarial Mathematics for Life Contingent Risks, multiple life insurance and reserves, https://www.cambridge.org/core/books/actuarial-mathematics-for-life-contingent-risks/; S. D. Promislow (2015), Fundamentals of Actuarial Mathematics, multiple-life theory. Parent topic: Independent joint-life outcome probabilities, distinct survivors' reserves, outcome-specific death strain and mortality profit reconciliation with guaranteed reversionary benefits. The particular Lean formula is a new finite/real-algebraic formalisation and remains an unproved theorem target if labelled theorem. Relevant published actuarial derivation: https://www.cambridge.org/core/books/actuarial-mathematics-for-life-contingent-risks/
Human review
Confirmed by the mission captain (proposal self-audit).
Confirmed by the moderator at approval.