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ANNEXES ...................................................................................................................................................................16
Notation ...........................................................................................................................................................16
Rente financire certaine.................................................................................................................................16
dx d x = l x* l x*+1
Probabilit de dcder entre lge x et x + t
qx l x l x +1
qx = .h
lx
l x* l x*+1
qx =
l x*
d
q x = *x
lx
qx l x* l x*+ t
t qx =
t
l x*
Probabilit de survivre entre lge x et x + t
px px = 1 qx
l l
p x = 1 x x+1 .h
lx
l x*+1
px =
l x*
px l x*+ t
t px =
t
l x*
t p x = p x . p x +1 . p x + 2 .... p x +t 1
t p x = 1 t q x
COMMUTATIONS
Dx D x = l x* .v x
x
Nx
Nx = l .v
k =0
*
x
x +k
x
N x = D x+ k = Dx + D x+1 + Dx+ 2 + ... + D
k =0
x
Sx
Sx = (k + 1).l .v
k =0
*
x
x +k
x
S x = (k + 1).Dx + k = D x + 2 Dx+1 + 3Dx+ 2 + ... + ( x + 1)D
k =0
x
S x = N x +k = N x + N x+1 + N x + 2 + ... + N
k =0
( ).v
1
Cx x+
Cx = l l *
x
*
x +1
2
1
x+
C x = d x .v 2
k =0
x x +k +
1
M x = d x + k .v 2
k =0
x
M x = C x + k = C x + C x +1 + C x + 2 + ... + C
k =0
( ).v
Rx x x+k +
1
Rx = (k + 1). l *
x+ k l *
x + k +1
2
k =0
x x+k +
1
Rx = (k + 1).d
k =0
x +k .v 2
x
Rx = (k + 1).C x+ k = C x + 2C x +1 + 3C x +2 + ... + ( x + 1)C
k =0
x
Rx = M x+ k = M x + M x+1 + M x + 2 + ... + M
k =0
Dx = N x N x +1
N x = S x S x +1
C x = M x M x+1
M x = Rx Rx +1
CAPITAL DIFFR
Capital diffr payable en cas de vie aprs n annes
Ex l x*+ n
.(1 + i )
n
n Ex =
n
l x*
n E x = n p x .v n
Dx + n
n Ex =
Dx
ax x *
.(1 + i )
l
ax = x+ k k
*
k =1 x l
x x
a x = k p x .v k = k E x
k =1 k =1
N
a x = x+1
Dx
Rente viagre, payable termes chus, diffre de s annes
( x + s ) *
ax
.(1 + i )
l ( k + s )
s
s ax =
k =1
x+s+k
*
l
x
( x+ s ) ( x+ s )
s a x = p .v .
s x
s
k =1
k p x + s .v = s E x .
k
k =1
k p x + s .v k
N x + s +1
s
ax =
Dx
a = E .a
s x s x x+ s
ax l x*+k
n
n
n ax = * . 1 + i
( )k
k =1 l x
n n
n a x = k p x .v = k E x
k
k =1 k =1
N x +1 N x + n+1
n
ax =
Dx
Rente viagre, payable termes chus, temporaire de n annes et diffre de s annes
ax n
l x*+ s + k l x*+ s n
l x*+ s + k
sn
s n ax = *
.(1 + i )( k + s )
= *
.(1 + i )s
. *
.(1 + i )
k
k =1 lx lx k =1 l x + s
n n
s n a x = s p x .v . k p x + s .v = s E x . k p x + s .v
s k k
k =1 k =1
N N x+ s + n +1
a = x+ s +1
sn x
Dx
a = E . a
s n x s x n x+s
a x = a&&x 1
ax = n a x + n a x
a x( m ) x *
m 1
.(1 + i ) +
l
a x( m ) = x+ k k
*
k =1 x l 2m
x
m 1 x m 1
a x( m ) = k p x .v k + = k Ex +
k =1 2m k =1 2m
N m 1
a x( m ) = x+1 +
Dx 2m
m 1 1
a x( m ) = a x + = a&&x( m )
2m m
Rente viagre diffre de s annes payable m fois dans lanne, termes chus
a x( m ) ( x + s ) *
m 1 l x*+ s
.(1 + i ) . * .(1 + i )
l ( k + s )
(m )
s
s
s ax = x+s+k
*
+
k =1 x l 2m l x
( x + s )
m 1 ( x + s ) m 1
s a x( m ) = s p x .v s . k p x+ s .v k + s p x .v s . = s E x . k E x+ s +
2m
k =1 2m k =1
N m 1 Dx + s
s
a x( m ) = x+ s +1 + .
Dx 2m Dx
m 1
s
a x( m ) = s a x + .s E x
2m
Rente viagre payable m fois dans lanne, termes chus pendant n annes
a x( m ) n
l x*+ k m 1 l x*+ n n
n (m )
n ax = *
.(1 + i )k
+ .1 * .(1 + i )
k =1 l x 2m lx
m 1 m 1
( )
n n
(m )
n ax = k p x .v k + . 1 n p x .v n = k E x + .(1 n E x )
k =1 2m k =1 2m
N x +1 N x + n +1 m 1 Dx + n
a x(m ) = + .1
n
Dx 2m Dx
m 1
n
a x(m ) = n a x + .(1 n E x )
2m
Rente viagre diffre de s annes payable m fois dans lanne termes chus pendant n annes
a x(m ) l x*+ s + k
n
m 1 l x*+ s s l x*+ n + s n
sn (m )
s n ax = *
.(1 + i )( k + s )
+ . *
.(1 + i ) .
1 *
.(1 + i )
k =1 l x 2m l x l x+s
m 1
( )
n
s n a x = s p x .v . k p x + s .v +
(m ) s k
.s p x .v s . 1 n p x + s .v n
k =1 2 m
n
m 1
s n a x = s E x . k E x .v +
(m ) k
.s E x .(1 n E x + s )
k =1 2m
N x+ s +1 N x+ s + n +1 m 1 Dx + s Dx + s + n
a x( m ) = + . .1
sn
Dx 2m Dx Dx + s
m 1
sn
a x( m ) = s E x . n a x( m+ s) = s n a x + .s E x .(1 n E x+ s )
2m
Nx
a&&x =
Dx
Rente viagre termes payable davance diffre de s annes
( x + s +1) *
a&&x
.(1 + i )
l ( k + s )
s
s a&&x =
k =0
x+s+k
*
l
x
( x + s +1) ( x + s +1)
s a&&x = p .v .
s x
s
k =0
p
k x+s .v = s E x .
k
k =0
k p x+ s .v k
N x+s
s
a&&x =
Dx
s
a&&x = s E x .a&&x + s
a&&x n 1
l x*+k
n ax = .(1 + i )
k
n
&& *
k =0 l x
n 1 n 1
n a x = k p x .v = k E x
&& k
k =0 k =0
N x N x+ n
n
a&&x =
Dx
Rente viagre termes payable davance temporaire de n annes et diffre de s annes
a&&x n 1
l x*+ s + k l x*+ s n 1 *
sn
s n ax =
&& *
.(1 + i )( k + s )
= *
.(1 + i )s
.
l x+s+k
*
.(1 + i )
k
k =0 l x lx k =0 l x + s
n 1 n 1
s n a x = s p x .v . k p x + s .v = s E x . k p x + s .v
&& s k k
k =0 k =0
N N x+s+n
a&& = x+ s
sn x
Dx
a&& = E . a&&
s n x s x n x+ s
a&&x = a x + 1
a&&x = n a&&x + n a&&x
a&&(xm ) ( x +1) *
m 1
.(1 + i )
l
a&&x( m ) = x+k k
*
k =0 x l 2m
( x +1)
m 1 ( x+1) m 1
a&&x( m ) =
k =0
k p x .v k
2m
= k Ex
k =0 2m
N x m 1
a&&x( m ) =
Dx 2m
m 1 1
a&&x( m ) = a&&x = a x(m ) +
2m m
Rente viagre, diffre de s annes, termes payable davance m fois dans lanne
a&&x(m ) ( x + s +1) *
m 1 l x*+ s
.(1 + i ) . * .(1 + i )
l ( k + s )
(m )
s
s
s a&&x = x+s+k
*
k =0 x l 2m l x
( x + s +1)
m 1 ( x + s +1) m 1
s a&&x( m ) = s p x .v s . k p x + s .v k s p x .v s . = s E x . k E x + s
2m
k =0 2m k =0
N m 1 Dx+ s
s
a&&x( m ) = x + s .
Dx 2m D x
m 1
s
a&&x( m ) = s a&&x .s E x
2m
Rente viagre termes payable davance m fois dans lanne pendant n annes
a&&x(m ) n 1
l x*+ k m 1 l x*+ n n
n
&&(m ) =
n ax *
.(1 + i )k
.1 * .(1 + i )
k =0 l x 2m lx
m 1 m 1
( )
n 1 n 1
&&(m ) = k p x .v k
n ax . 1 n p x .v n = k E x .(1 n E x )
k =0 2m k =0 2m
N x N x+ n m 1 Dx + n
a&&x(m ) = .1
n
Dx 2m Dx
m 1
n
a&&x(m ) = n a&&x .(1 n E x )
2m
Rente viagre, diffre de s annes, termes payable davance m fois dans lanne pendant n annes
a&&x( m ) n 1
l x*+ s + k m 1 l x*+ s s l x*+ n+ s n
sn
&&( m ) =
s n ax *
.(1 + i )( k + s )
. *
.(1 + i ) .
1 *
.(1 + i )
k =0 l x 2m l x l x+s
m 1
( )
n 1
s n a x = s p x .v k p x + s .v
&&( m ) s k
.s p x .v s . 1 n p x+ s .v n
k =0 2m
n 1
m 1
s n a x = s E x . k E x + s
&&( m ) .s E x .(1 n E x+ s )
k =0 2m
N x+ s N x + s + n m 1 Dx+ s Dx + s + n
a&&x( m ) = . .1
sn
Dx 2m D x Dx + s
m 1
sn
a&&x( m ) = s E x . n a&&x( m+ s) = s n a&&x .s E x .(1 n E x+ s )
2m
ASSURANCE DCS
Vie entire au dcs
Ax x *
l x*+ k +1 1
.(1 + i ) 2
l
Ax = x+k k+
*
k =0 lx
x k+
1
Ax = k p x .q x +k .v 2
k =0
Mx
Ax =
Dx
Vie entire au dcs effet diffr de s annes
Ax
l x*+ s + k l x*+ s + k +1 1
s
s Ax = .(1 + i ) k + s +
2
k =0 l x*
k+
1
s
Ax = s p x .v s
k =0
k p x+ s .q x+ s + k .v 2
M x+s
s
Ax =
Dx
s
Ax = s E x . Ax + n
Ax n 1
l x*+ k l x*+ k +1 1
n
n Ax = .(1 + i ) k +
2
k =0 l x*
n 1 k+
1
A = k p x .q x+ k .v
n x
2
k =0
M x M x+n
n
Ax =
Dx
A = Ax n Ax
n x
Ax n 1
l x*+ s + k l x*+ s + k +1 1
sn
s n Ax = .(1 + i ) k + s +
2
k =0 l x*
n 1 k+
1
A = p .v s k p x+ s .q x + s + k .v
sn x s x
2
k =0
M x+ s M x + s +n
sn
Ax =
Dx
A= E . A
s n x s x n x+s
(IA)x
(IA)x = (k + 1). l x + k *l x+ k +1 .(1 + i ) k + 2
* * 1
k =0 lx
k+
1
(IA)x = (k + 1).k p x .q x+ k .v 2
k =0
(IA)x = Rx
Dx
Vie entiere au dcs a capital croissant en progession arithmtique
(IA)x
l x + s + k l x + s + k +1
* * 1
s (IA)x = s p x .v (k + 1).k p x + s .q x + s + k .v
s 2
k =0
Rx + s
s (IA)x =
Dx
s (IA)x = s E x .(IA)x + s
(IA)x n 1
l x*+ k l x*+ k +1 1
n (IA)x = (k + 1). ( ) k +
+
n
. 1 i 2
k =0 l x*
n 1 k+
1
n (IA)x = (k + 1).k p x .q x+ k .v 2
k =0
s n (IA) x = s p x .v (k + 1).k p x + s .q x + s + k .v
s 2
k =0
(DA)x n 1
l x + k l x+ k +1
* * 1
n (DA)x = (n k ). .(1 + i ) 2
n k+
*
k =0 lx
n 1 k+
1
n (DA)x = (n k ).k p x .q x + k .v
2
k =0
(DA)x * n 1
l * * 1
s n (DA)x = .(1 + i ) . (n k ). x+ s + k * x + s + k +1 .(1 + i ) 2
sn l x+ s s l k+
*
lx k =0 l x+s
n 1 k+
1
sn (DA)x = s p x .v . (n k ).k p x+ s .q x+ s + k .v
s 2
k =0
p xy l x*+t .l *y +t
p xy =
t
t
l x* .l *y
t p xy = t p x .t p y
Probabilit de dcs dun groupe de deux ttes au premier dcs
q xy l x*+t .l *y +t
q xy = 1
t
t
l x* .l *y
t q xy = 1 t p x .t p y = 1 t p xy
lx ly l x* .l y*
t q xy = 1 t p x t p y + t p xy
CAPITAL DIFFERE
Capital diffr payable en cas de vie de x ou y aprs n annes
E xy l x*+ n .l *y + n
E xy =
n
n .v n
l x* .l y*
n E xy = n p xy .v n
Capital diffr payable en cas de vie de x et y aprs n annes
n E xy l x*+n l *y + n l x*+ n .l *y +n n
n E xy = * + * * .v
l x l *y l x .l y
n E xy = [ n ]
p x + n p y n p xy .v n
n E xy = n E x + n E y n E xy
a xy = a x + a y a xy
a xy ( x+ s ) * ( y + s ) *
l max ( x + s , y + s ) *
l .l *y + s + k
l
a xy = x + s +k
.v k + y + s +k
.v k x+ s + k
s
s * * * *
.v k
k =1 lx k =1 l y k =1 l .l
x y
s
a xy =
n a xy = * .v + .v * * .v
n
*
k =1 l x k =1 l y k =1 l x .l y
n
a xy =
s n a xy = +
sn
*
.v .v .v
k =1 l x k =1 l y* k =1 l x* .l *y
sn
a xy =
a (xym ) x y max( x , y )
m 1
a xy( m ) = k px .v k + k p y .v k k pxy .v k +
k =1 k =1 k =1 2m
(m )
a xy = a (m)
x +a (m)
y a (m)
xy
a (xym ) ( x + s ) *
l ( y + s ) l *y + s + k max ( x + s , y + s ) *
l .l *y + s + k
a (m ) =
x+ s+ k
s
s
x+ s+ k
*
.v k + .v k .v k
xy
k =1 l
x k =1 l *y k =1 l x* .l *y
m 1 l x + s l y + s l x + s .l y + s s
* * * *
+ . * + * * * .v
2m l x ly l x .l y
a xy( m ) n
l x*+ k k n l *
n l
x + k .l y + k
* *
a (m ) =
y +k
n
n xy *
.v + *
.v k
* *
.v k
k =1 l x k =1 l y k =1 l .
x yl
m 1 l x*+ n l y + n l x + n .l y +n n
* * *
+ .1 + * * * .v
2m l x* ly l x .l y
a xy( m ) * * *
l x*+ s + k k n l y + s + k k n l x + s +k .l y + s + k k
n
sn
sn
a xy (m )
= * .v + * .v .v
k =1 l x k =1 ly k =1 l x* .l *y
m 1 l x*+ s l y + s l x + s .l y + s
* * *
s l x*+ n + s l *y + n + s l x*+n + s .l *y +n + s n
+ . + * * * .v .1 . * + * * * .v
2m l x* ly l x .l y l x+s
l y+s l x+ s .l y + s
ANNEXES
NOTATION
i = taux dinteret technique annuel
v k = (1 + i )
k
x = ge
n = dure
s = diffr
m = nombre de paiments dans lanne
1 (1 + i )
n
1 vn
n
a
n
a= =
i i
Annuit certaine payable davance pendant n annes
1 (1 + i )
n
1 vn
n
a&&
n
a&& = .(1 + i ) = .(1 + i )
i i
Annuit certaine payable termes chus m fois dans lanne pendant n annes
(m ) 1 vn
a (m ) n. m a =
(1 + i ) m 1
n. m 1
1 vn
n.m
a&&(m ) &&( m ) =
n. m a 1
1 v m