The findings are as follow: 1.In actuarial equity, given the age, the higher the amount insured, the higher is the hedging cost of theory.The higher the age, the higher is the hedging cost. 2.

• 模拟结果发现，首先，在投保年龄或保险费与保险金额比例固定时，实务上与理论上避险成本与避险成本费用率的变动趋势，并且进一步探讨，发现在收支相等下的原理下，投保年龄固定或保险费与保险金额比固定时，避险成本会递增；