简介:Inthispaperanewapproachisdevelopedtovaluelifeinsurancecontractsbymeansofthemethodofbackwardstochasticdifferentialequation.Suchavaluationmayrelaxcertainmarketlimitations.Followingthisapproach,thevaluesofsingledecrementpoliciesarestudiedandThiele's-typePDEsforgenerallifeinsurancecontractsarederived.