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[12 marks] A fully-discrete 10-year term insurance on (x) pays a benefit, b, at the end of the year of death (decrement 1) or 2b
[12 marks] A fully-discrete 10-year term insurance on (x) pays a benefit, b, at the end of the year of death (decrement 1) or 2b if death is accidental (decrement 2). There are no expenses. Given... t (2) 8 4x+t 0.0796 0.0995 0.0096 0.0095 9 . . i = 6% P = 565.77 8V = 367.58 9":7}=0.01 Vt Deaths are uniformly distributed within integer ages. . (a) [7] Calculate b. (b) [5] If q', is doubled, calculate the change in 3V. [12 marks] A fully-discrete 10-year term insurance on (x) pays a benefit, b, at the end of the year of death (decrement 1) or 2b if death is accidental (decrement 2). There are no expenses. Given... t (2) 8 4x+t 0.0796 0.0995 0.0096 0.0095 9 . . i = 6% P = 565.77 8V = 367.58 9":7}=0.01 Vt Deaths are uniformly distributed within integer ages. . (a) [7] Calculate b. (b) [5] If q', is doubled, calculate the change in 3V
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