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For a whole life insurance on (x), you are given: i. The death benefit is payable at the moment of death. ii. The death benefit
For a whole life insurance on (x), you are given: i. The death benefit is payable at the moment of death. ii. The death benefit is 1000T where T is the future lifetime of (x). iii. t=0.04 for t0 iv. x+t=60t1 for 0t60 Z is the present value of insurance benefit. Calculate the 10th percentile of Z. Possible Answers 3600 4700 5800 6900 8000 For a whole life insurance on (x), you are given: i. The death benefit is payable at the moment of death. ii. The death benefit is 1000T where T is the future lifetime of (x). iii. t=0.04 for t0 iv. x+t=60t1 for 0t60 Z is the present value of insurance benefit. Calculate the 10th percentile of Z. Possible Answers 3600 4700 5800 6900 8000
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