As it has non-forfeiture value, life insurance policy has the possibility and reality to be pledged. 人寿保险单由于具有不丧失价值而具有可设质的理论可行性和现实性。
Accordingly, this study attempts to evaluate the surrender option in life insurance policy by considering adverse mortality selection and interest volatility. 因此，本研究图考虑死亡率逆选择与利率波动度的情况，来评价人寿保险单的解约选择权。
