A Easy and Feasible Way to Construct the Joint-Life Status Life Table: Method and Theory

The future lifetimes of involved insured persons in the multiple-life model are always assumed to be independent in almost all actuarial textbooks. In this paper we consider the two-life model and assume that the future lifetimes are positively dependent. We use PQD (positively quadrant dependent) to describe such dependence, and give a easy method to construct the joint-life status life table.