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Problem 5 For a special type of whole life insurance issued to (30), you are given: Death benefits are 8,000 for the first 10 years
Problem 5 For a special type of whole life insurance issued to (30), you are given: Death benefits are 8,000 for the first 10 years and 2,000 thereafter. Death benefits are payable at the moment of death. Deaths are uniformly distributed over each year of age interval. i = 5% The following table gives the actuarial present values: X 1000 Ax 1000 5Ex 30 112.31 779.79 35 138.72 779.20 40 171.93 777.14 Calculate the Actuarial Present Value (APV) of the benefits for this policy
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