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A special fully discrete 2-year endowment insurance with a maturity value of 2000 is issued to (x). The death benefit is 2000 plus the benefit
A special fully discrete 2-year endowment insurance with a maturity value of 2000 is issued to (x). The death benefit is 2000 plus the benefit reserve at the end of the year of death. For year 2, the benefit reserve is the benefit reserve just before the maturity benefit is paid. You are given i = 0.10, qx = 0.150 and qx+1 = 0.165. Calculate the level annual benefit premium.
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