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Q 3 . Depicted in the picture below is the ( not to scale ) graph of the size of the continuous insurance benefits for
QDepicted in the picture below is the not to scale graph of the size of the continuous insurance benefits for a policy of term years. The shape of the benefit can be constructed using policies involving variations of insurance benefits that are constant like for instance and linearly increasing like a One such combination includes the use of deferred insurance, and can be written in the form Enter the values of and in that order into the answer box below, separated with commas. b Another combination does not include any deferred insurance, and can be written in the form Enter the values of and in that order into the answer box below, separated with commas. Note that the required constants can potentially be negative. QSimilar to the previous question, a combination of term insurance involving fixed payouts A and increasing payouts IA can be used to provide a yearold person insurance that pays $ at the end of the year of death if death occurs before the age of but for which the benefit then decreases linearly down to a benefit of zero after turning The benefit then remains at zero thereafter. Such a combination that does not use deferred insurance is of the form aIA x: aIA x: aA x: aA x: Enter the values of a a a and ain that order into the answer box below, separated with commas.
QDepicted in the picture below is the not to scale graph of the size of the continuous insurance benefits for a policy of term years.
The shape of the benefit can be constructed using policies involving variations of insurance benefits that are constant like for instance and linearly increasing like
a One such combination includes the use of deferred insurance, and can be written in the form
Enter the values of and in that order into the answer box below, separated with commas.
b Another combination does not include any deferred insurance, and can be written in the form
Enter the values of and in that order into the answer box below, separated with commas.
Note that the required constants can potentially be negative. QSimilar to the previous question, a combination of term insurance involving fixed payouts A and increasing payouts IA can be used to provide a yearold person insurance that pays $ at the end of the year of death if death occurs before the age of but for which the benefit then decreases linearly down to a benefit of zero after turning The benefit then remains at zero thereafter. Such a combination that does not use deferred insurance is of the form
aIA
x:
aIA
x:
aA
x:
aA
x:
Enter the values of a a a and ain that order into the answer box below, separated with commas.
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