2.1. An insurance company issues 25 year term insurances of $12,000 to lives aged 30 on January...
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2.1. An insurance company issues 25 year term insurances of $12,000 to lives aged 30 on January I, 1985. The premiums for the insurances are payable annually. On January I, 1990, the number of policyholders still alive is 540 from whom 2 die during the year. Based on a 6% annual rate of interest, find the mortality profit or loss for the year 1990.
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An Introduction To Actuarial Mathematics
ISBN: 978-9048159499
1st Edition
Authors: Arjun K. Gupta ,Tamas Varga
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