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For a (fully-discrete) special 15-payment whole life insurance issued to (c), the death benefit payable at the end of year kis Boke1+2V - V where
For a (fully-discrete) special 15-payment whole life insurance issued to (c), the death benefit payable at the end of year kis Boke1+2V - V where V is the benefit reserve at time k for this policy and V. is the benefit reserve at time k for a fully-discrete whole life insurance of 1 on (x). Let w be the limiting age. If W-2 > 15 and if w-V = 1, show that the annual level benefit premium payable at the beginning of each year for 15 years equals Pawa/(P. is the annual level benefit premium for a fully-discrete whole life insurance of 1 on ()). For a (fully-discrete) special 15-payment whole life insurance issued to (c), the death benefit payable at the end of year kis Boke1+2V - V where V is the benefit reserve at time k for this policy and V. is the benefit reserve at time k for a fully-discrete whole life insurance of 1 on (x). Let w be the limiting age. If W-2 > 15 and if w-V = 1, show that the annual level benefit premium payable at the beginning of each year for 15 years equals Pawa/(P. is the annual level benefit premium for a fully-discrete whole life insurance of 1 on ())
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