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Curtate Duration

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asked Apr 6 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 by PaulBotes (440 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.