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Consider an insurance policy issued to (x) under which the death benefit is (1 + j)' if death occurs at age x + t, with
Consider an insurance policy issued to (x) under which the death benefit is (1 + j)' if death occurs at age x + t, with the death benefit being payable immediately on death. C = Find the EPV of the death benefit if the policy is a 10-year term insurance under Standard Ultimate Survival Model for j 0.06 and 40 and an effective interest rate of 10%. Standard Ultimate Survival Model says that the force of mortality equals Mix = A + Box with A = 0.00022, B = 2.7 x 10-6, c = 1.124 You can use numerical integration via Wolfram Alpha. = Consider an insurance policy issued to (x) under which the death benefit is (1 + j)' if death occurs at age x + t, with the death benefit being payable immediately on death. C = Find the EPV of the death benefit if the policy is a 10-year term insurance under Standard Ultimate Survival Model for j 0.06 and 40 and an effective interest rate of 10%. Standard Ultimate Survival Model says that the force of mortality equals Mix = A + Box with A = 0.00022, B = 2.7 x 10-6, c = 1.124 You can use numerical integration via Wolfram Alpha. =
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