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For a fully discrete whole life insurance of B on (x), you are given: (i) Expenses, incurred at the beginning of each year, equal 30
For a fully discrete whole life insurance of B on (x), you are given: (i) Expenses, incurred at the beginning of each year, equal 30 in the first year and 5 in subsequent years. (ii) The net premium reserve at the end of year 10 is 2,290 . (iii) Gross premiums are calculated using the equivalence principle. (iv) i=0.04 (v) ax=14.8 (vi) ax+10=11.4 Calculate 10Vg the gross premium reserve at the end of year 10 . 2,190 2,210 2,230 2,250 2,270 For a fully discrete whole life insurance of B on (x), you are given: (i) Expenses, incurred at the beginning of each year, equal 30 in the first year and 5 in subsequent years. (ii) The net premium reserve at the end of year 10 is 2,290 . (iii) Gross premiums are calculated using the equivalence principle. (iv) i=0.04 (v) ax=14.8 (vi) ax+10=11.4 Calculate 10Vg the gross premium reserve at the end of year 10 . 2,190 2,210 2,230 2,250 2,270
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