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At the start of a particular year a life insurance company had a portfolio of 5,000 female pensioners, all aged exactly 60, who each receive
At the start of a particular year a life insurance company had a portfolio of 5,000 female pensioners, all aged exactly 60, who each receive an income of 10,000 per annum, paid annually in arrears. The company holds net premium reserves, calculated using PFA92C20 mortality and 4% pa interest. During that year, 9 pensioners died. Calculate the mortality profit or loss for that year. At the start of a particular year a life insurance company had a portfolio of 5,000 female pensioners, all aged exactly 60, who each receive an income of 10,000 per annum, paid annually in arrears. The company holds net premium reserves, calculated using PFA92C20 mortality and 4% pa interest. During that year, 9 pensioners died. Calculate the mortality profit or loss for that year
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