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For a fully discrete whole life insurance policy of $100,000 issued to (30), you are given: Mortality follows Makeham's Law, where A = 0.00022, B
For a fully discrete whole life insurance policy of $100,000 issued to (30), you are given: Mortality follows Makeham's Law, where A = 0.00022, B = 2.7 x 10-6, and c= 1.124. = 3 Interest: 5% annual effective Initial Expenses: 40% of the gross premium plus $125. Renewal Expenses: 5% of the gross premium plus $40 per policy, due at the start of each policy year from the second onwards. Settlement Expense: $50. A. Construct a spreadsheet of values of A, and r for I = 30, 31, ...,100. Assume 0129 = 1. For a fully discrete whole life insurance policy of $100,000 issued to (30), you are given: Mortality follows Makeham's Law, where A = 0.00022, B = 2.7 x 10-6, and c= 1.124. = 3 Interest: 5% annual effective Initial Expenses: 40% of the gross premium plus $125. Renewal Expenses: 5% of the gross premium plus $40 per policy, due at the start of each policy year from the second onwards. Settlement Expense: $50. A. Construct a spreadsheet of values of A, and r for I = 30, 31, ...,100. Assume 0129 = 1
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