2.4. An insurance company issues 20 year annuities-due to lives aged 55 on January I, 1982 when...
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2.4. An insurance company issues 20 year annuities-due to lives aged 55 on January I, 1982 when the single premiums are payable. The amount of the total annuity payments if $1,460,000 in 1990 dropping to $1,430,000 in 1991. Using a 6% annual rate of interest, obtain the mortality profit or loss for the year 1990.
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Related Book For
An Introduction To Actuarial Mathematics
ISBN: 978-9048159499
1st Edition
Authors: Arjun K. Gupta ,Tamas Varga
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