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Actuarial Science Do not copy others or else THUMB DOWN! Consider a whole life annuity - due of 4 6 , 0 0 0 per

Actuarial Science

Do not copy others or else THUMB DOWN!

Consider a whole life annuity

-

due of

46, 000

per year issued to a life age

65 .

Calculate

the probability that the sum of total undiscounted benefit payments is greater than the

expected present value of the annuity at issue. Use the SULT with

5 %

interest.

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