Ellen, aged 60, purchases a life insurance policy paying 50,000 until age 65, 25,000 at age 65

Question:

Ellen, aged 60, purchases a life insurance policy paying 50,000 until age 65, 25,000 at age 65 and decreasing by 2500 per year thereafter until it reaches 5000, at which point it remains constant.

Find the present value at age 60 of Ellen's future benefits given Meo = 500, Mes = 350, Deo = 1200, Res = 4000, /?74 = 1600 and M74 = 150.

9-48 Let (lA )x denote the net single premium for whole life insurance which pays 1 in the first year, 2 in the second year, and so on, increasing by 1 per year, payable at the moment of death.

Similarly, \eX(IA)x denote the net single premium for whole life insurance which pays / at the moment of death if death occurs at age x+t. image text in transcribed