Part a and b

1. You are given the following extract from a 3-year select and ultimate life table: (a) Calculate the probability that a life currently aged 46 , who was selected at age 45 , dies before age 48. (b) Calculate 0.8]q[45]+1.3 under UDD. (c) A special 2-year endowment insurance is issued to a selected life aged 46 with a death benefit of $1000 payable at the end of the year of death. On survival to age 48 at maturity a benefit of 500 is payable. Assuming an interest rate of 6%, calculate the EPV of the benefit. 1. You are given the following extract from a 3-year select and ultimate life table: (a) Calculate the probability that a life currently aged 46 , who was selected at age 45 , dies before age 48. (b) Calculate 0.8]q[45]+1.3 under UDD. (c) A special 2-year endowment insurance is issued to a selected life aged 46 with a death benefit of $1000 payable at the end of the year of death. On survival to age 48 at maturity a benefit of 500 is payable. Assuming an interest rate of 6%, calculate the EPV of the benefit