Actuarial

A whole life insurance on [49] pays $100,000 at the end of the 6-month period of death. Find the following assuming 5% interest, SULT mortality and assuming that deaths are uniformly distributed across integer ages. a) The expected present value of the death benefit.

b) The standard deviation of the present value of the death benefit.

c)

(a) 49.5 (a) 49.5