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An survival model is given by the following force of mortality function: Suppose a whole life insurance policy with a benefit of $1 payable immediately
An survival model is given by the following force of mortality function:
Suppose a whole life insurance policy with a benefit of $1 payable immediately at the time of death of the insured life has a continuously compound interest rate . What is the expected present value for the benefit if the policy is purchased at age ?
EPV = $ [ ] ?
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