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2. A semi-continuous whole life policy with a benefit of 25,000 is sold to (40). Semi-annual gross premiums of 140 are payable. There is a
2. A semi-continuous whole life policy with a benefit of 25,000 is sold to (40). Semi-annual gross premiums of 140 are payable. There is a settlement expense of 12 per 1000 of insurance. Mortality follows the Standard Ultimate Life Table, with i = 0.05. Deaths are uniformly distributed over each year of age. Calculate E(L). 2. A semi-continuous whole life policy with a benefit of 25,000 is sold to (40). Semi-annual gross premiums of 140 are payable. There is a settlement expense of 12 per 1000 of insurance. Mortality follows the Standard Ultimate Life Table, with i = 0.05. Deaths are uniformly distributed over each year of age. Calculate E(L)
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