ASURANSI JIWA ENDOWMENT DENGAN PENGEMBALIAN PREMI MENGGUNAKAN SIMULASI MONTE CARLO
Premium refunds are a sum of the money returned to the insured.The purpose of this study was to compare the premium of endowment life insurance with premium Facial Moisturiser refund on constant interest rates numerical calculations and using Monte Carlo simulations.Gompertz distribution was used to obtain the mortality rates.The results showed tha