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An insurance policy is issued to (20) with the following graded scale of death benefits payable at the moment of death. Age x: Death Benefits
An insurance policy is issued to (20) with the following graded scale of death benefits payable at the moment of death. Age x: Death Benefits 20 31 10 000 Using the table above (i) express the NSP for this insurance in terms of actuarial symbols for unit insurances (ii) calculate the NSP for this insurance using the Standard Ultimate Life Table with i = 5% and assuming uniform distribution of deaths over each year of age. An insurance policy is issued to (20) with the following graded scale of death benefits payable at the moment of death. Age x: Death Benefits 20 31 10 000 Using the table above (i) express the NSP for this insurance in terms of actuarial symbols for unit insurances (ii) calculate the NSP for this insurance using the Standard Ultimate Life Table with i = 5% and assuming uniform distribution of deaths over each year of age
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