Question
An insurer issues a portfolio of identical 20-year term insurance policies to independent lives aged 60. The sum assured for each policy is $50,000 payable
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An insurer issues a portfolio of identical 20-year term insurance policies to independent lives aged 60. The sum assured for each policy is $50,000 payable at the end of the year of death. The mortality of the portfolio follows the Standard Ultimate Life Table and the effective interest rate is 5% per annum. Assume the same mortality applies to each life in the portfolio. 10 000 identical policies are issued. calculate the present value of the loss on the whole portfolio.PLEASE ANSWER ASAP
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
