1.14. The death benefit of a 20 year term insurance issued to a life aged 40, is...

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1.14. The death benefit of a 20 year term insurance issued to a life aged 40, is $8000 in the first year and decreases linearly to $400 in year 20.

a) Evaluate the reserves at the end of each policy year if the premium is payable annually over the whole term of the insurance.

b) Find the longest premium paying period under which the reserves are not negative.

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An Introduction To Actuarial Mathematics

ISBN: 978-9048159499

1st Edition

Authors: Arjun K. Gupta ,Tamas Varga

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Question Posted: Nov 01, 2024 07:01 AM

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1.14. The death benefit of a 20 year term insurance issued to a life aged 40, is...

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An Introduction To Actuarial Mathematics

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