Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For a fully discrete whole life insurance with face amount 10,000 on (45): (i) The force of mortality underlying the standard mortality table is x+t.
For a fully discrete whole life insurance with face amount 10,000 on (45): (i) The force of mortality underlying the standard mortality table is x+t. (ii) The annual net premium for an insured with standard mortality is 180 at =0.06. (iii) The annual net premium for an insured with standard mortality is 165 at =0.07. A risk is subject to a force of mortality 45+1, where 45+1=45+1+0.01. Calculate the annual net premium for this risk at =0.06. (A) 253 (B) 259 (C) 265 (D) 275 (E) 287
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started