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Curtate Duration

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asked Apr 6, 2018 in BUS 3018F - Models by anonymous

What does the term "curtate duration" mean or what does "curtate duration at death" mean? 

1 Answer

+1 vote
answered Apr 7, 2018 by PaulBotes (600 points)
Best answer

This means you take the integer value of the number of years that the policy has been in force for. For example if a policy has been in force for 5.7 years then the curtate duration is 5.