Question
You are given: Deaths are uniformly distributed over each year of age. Ax = 0.4 Ax+5 = 0.57 Ax:5 = 0.62
You are given: • Deaths are uniformly distributed over each year of age. • Ax = 0.4 • Ax+5 = 0.57 • Ax:5 = 0.62
• The annual effective rate of interest is 4.5%. Calculate the expected value of the 5-year continuous endowment insurance of 1000 payable at the earlier of the moment of death of (x) or 5 years.
A. 610
B. 622
C. 631
D. 640
E. 645
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Probability and Random Processes With Applications to Signal Processing and Communications
Authors: Scott Miller, Donald Childers
2nd edition
123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814
