{"id":1815,"date":"2017-09-20T23:51:48","date_gmt":"2017-09-20T15:51:48","guid":{"rendered":"http:\/\/www.ticoneva.com\/journal\/?p=1815"},"modified":"2017-09-30T17:52:02","modified_gmt":"2017-09-30T09:52:02","slug":"1815","status":"publish","type":"post","link":"https:\/\/www.ticoneva.com\/journal\/?p=1815","title":{"rendered":""},"content":{"rendered":"<p>\u6211\u5728\u67d0\u9593\u5927\u578b\u4fdd\u96aa\u516c\u53f8\u9078\u8cfc\u5b9a\u671f\u4eba\u58fd\u4fdd\u96aa\u6642\u767c\u73fe\u4e00\u500b\u6709\u8da3\u73fe\u8c61\uff1a\u589e\u52a0\u4fdd\u984d\u7684\u908a\u969b\u5dee\u50f9\u539f\u4f86\u53ef\u4ee5\u6642\u4e0a\u6642\u843d\uff0c\u6700\u9ad8\u548c\u6700\u4f4e\u76f8\u5dee\u8d85\u904e\u4e00\u500d\u3002\u6700\u7279\u5225\u662f\u8cb7300\u842c\u4fdd\u984d\u7adf\u7136\u6bd4\u8cb7250\u842c\u4fbf\u5b9c\uff01<\/p>\n<p>\u5982\u679c\u9019\u73fe\u8c61\u80cc\u5f8c\u662f\u6709\u8457\u7cbe\u7b97\u7684\u8003\u616e\uff0c\u90a3\u6703\u662f\u56e0\u70ba300\u842c\u7684\u4eba\u6709\u8457\u904e\u4eba\u4e4b\u8655\uff1f\u9084\u662f\u53d7\u5230\u67d0\u4e9b\u653f\u7b56\u7684\u5f71\u97ff\uff1f<\/p>\n<p>While I am shopping for term life insurance I have discovered that pricing can be non-monotonic. In the case illustrated below, the price of getting 3 million coverage is actually lower than that of 2.5 million. What is the actuarial logic behind this phenomenon?<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.ticoneva.com\/journal\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-20-23.15.30.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1816\" src=\"https:\/\/i0.wp.com\/www.ticoneva.com\/journal\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-20-23.15.30.png?resize=374%2C374\" alt=\"\" width=\"374\" height=\"374\" srcset=\"https:\/\/i0.wp.com\/www.ticoneva.com\/journal\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-20-23.15.30.png?w=374&amp;ssl=1 374w, https:\/\/i0.wp.com\/www.ticoneva.com\/journal\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-20-23.15.30.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/www.ticoneva.com\/journal\/wp-content\/uploads\/2017\/09\/Screenshot-2017-09-20-23.15.30.png?resize=300%2C300&amp;ssl=1 300w\" sizes=\"auto, (max-width: 374px) 100vw, 374px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6211\u5728\u67d0\u9593\u5927\u578b\u4fdd\u96aa\u516c\u53f8\u9078\u8cfc\u5b9a\u671f\u4eba\u58fd\u4fdd\u96aa\u6642\u767c\u73fe\u4e00\u500b\u6709\u8da3\u73fe\u8c61\uff1a\u589e\u52a0\u4fdd\u984d\u7684\u908a\u969b\u5dee\u50f9\u539f\u4f86\u53ef\u4ee5\u6642\u4e0a\u6642\u843d\uff0c\u6700\u9ad8\u548c\u6700\u4f4e\u76f8\u5dee\u8d85\u904e\u4e00\u500d\u3002\u6700\u7279\u5225\u662f\u8cb7300\u842c\u4fdd\u984d\u7adf\u7136\u6bd4\u8cb7250\u842c\u4fbf\u5b9c\uff01 \u5982\u679c\u9019\u73fe\u8c61\u80cc\u5f8c\u662f\u6709\u8457\u7cbe\u7b97\u7684\u8003\u616e\uff0c\u90a3\u6703\u662f\u56e0\u70ba300\u842c\u7684\u4eba\u6709\u8457\u904e\u4eba\u4e4b\u8655\uff1f\u9084\u662f\u53d7\u5230\u67d0\u4e9b\u653f\u7b56\u7684\u5f71\u97ff\uff1f While I am shopping for term life insurance I have discovered that pricing can be non-monotonic. In the case illustrated below, the price of getting 3 million coverage is actually lower than that of 2.5 million. What is the actuarial logic behind this phenomenon?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1815","post","type-post","status-publish","format-standard","hentry","category-political-economy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/1815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1815"}],"version-history":[{"count":1,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/1815\/revisions"}],"predecessor-version":[{"id":1817,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/1815\/revisions\/1817"}],"wp:attachment":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}