LIFE CONTENGENCIES

1 Editing Continuous Life Insurance - 3 Jack Jones is 30 years old. He buys an insurance policy that will pay $1000 at the moment of death, if he dies before age 40. It will pay $2000, if he lives to age 40. The force of mortality is constant at 0.01 at all times. The force of interest is 0.05. Calculate the expected present value of this insurance. ($1172.82) A whole life insurance pays a benefit of 10e0ost at the moment of death, if death occurs at time t. If the force of mortality is constant at 0.02, and the force of interest is 0.04, calculate the expected value of the present value of the insurance. 1 Editing Continuous Life Insurance - 3 Jack Jones is 30 years old. He buys an insurance policy that will pay $1000 at the moment of death, if he dies before age 40. It will pay $2000, if he lives to age 40. The force of mortality is constant at 0.01 at all times. The force of interest is 0.05. Calculate the expected present value of this insurance. ($1172.82) A whole life insurance pays a benefit of 10e0ost at the moment of death, if death occurs at time t. If the force of mortality is constant at 0.02, and the force of interest is 0.04, calculate the expected value of the present value of the insurance