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Question #6 For a fully discrete 3-year endowment insurance for a life selected at age 42, you are given the following information 9 [x] 9[x]+1
Question #6 For a fully discrete 3-year endowment insurance for a life selected at age 42, you are given the following information 9 [x] 9[x]+1 (x+2 x+2 40 0.03 0.05 0.07 42 0.04 0.06 0.08 43 42 0.05 0.07 0.09 44 43 0.06 0.08 0.10 45 v=0.90 premiums are paid at the beginning of each year assume the equivalence principle Calculate the standard deviation of the loss-at-issue for the insurance Question #6 For a fully discrete 3-year endowment insurance for a life selected at age 42, you are given the following information 9 [x] 9[x]+1 (x+2 x+2 40 0.03 0.05 0.07 42 0.04 0.06 0.08 43 42 0.05 0.07 0.09 44 43 0.06 0.08 0.10 45 v=0.90 premiums are paid at the beginning of each year assume the equivalence principle Calculate the standard deviation of the loss-at-issue for the insurance
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