1.1. A 20 year pure endowment insurance of $2000, on a life aged 30, is purchased by...
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1.1. A 20 year pure endowment insurance of $2000, on a life aged 30, is purchased by a single premium. Find the expressions for the prospective and retrospective reserves at the end of each policy year. Evaluate the reserves numerically at the end of year 6 and year 18. Use a 6% annual rate of interest.
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An Introduction To Actuarial Mathematics
ISBN: 978-9048159499
1st Edition
Authors: Arjun K. Gupta ,Tamas Varga
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