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Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Calculate the expected present value of an 5 year
Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Calculate the expected present value of an 5 year endowment ingurance policy, issued to a life age 60 , with insured amount $50000, with death benefit pevable at the end of the year of death. 2. Use the uniform distribution of deaths assumption to calculate the expected present value of an 5 year endowment insurance policy, issued to a life age 60 , with ingured amount 550000 , with death benefit payable immediately on death. 3. Suppose that a deferred whole life insurance policy with death benefit of $10000, payable at the end of the quarter of death, is issued to a Iffe a 60, with a 3 year deferral period. Use the claims acceleration approach to approximate the expected present value Consider the following life table excerpt where the effective annual rate of interest is 5%. 1. Calculate the expected present value of an 5 year endowment ingurance policy, issued to a life age 60 , with insured amount $50000, with death benefit pevable at the end of the year of death. 2. Use the uniform distribution of deaths assumption to calculate the expected present value of an 5 year endowment insurance policy, issued to a life age 60 , with ingured amount 550000 , with death benefit payable immediately on death. 3. Suppose that a deferred whole life insurance policy with death benefit of $10000, payable at the end of the quarter of death, is issued to a Iffe a 60, with a 3 year deferral period. Use the claims acceleration approach to approximate the expected present value
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