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Closed-form expressions to Gompertz-Makeham life expectancies: a historical note

Expressões de forma fechada para as expectativas de vida de Gompertz-Makeham: uma nota histórica

Expresiones de forma cerrada a las esperanzas de vida de Gompertz-Makeham: una nota histórica

Abstract

Results well known in the actuarial community about closed-form expressions to Gompertz and Gompertz-Makeham life expectancies for a person aged x are still being independently rediscovered to this day. This note seeks to acknowledge previous results about closed-form expressions to Gompertz-Makeham life expectancies, especially in the actuarial science field, hoping to stimulate interdisciplinarity and provide the background for further developments, especially since the derivation of closed-form expressions for life expectancy (and annuities) based on particular mortality laws are matters of interest for multiple fields such as actuarial science, biology, demography, statistics among others.

Keywords:
Gompertz-Makeham mortality law; Life expectancy; Actuarial science; Annuities; Frailty; Gamma-Gompertz model

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