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You are given: The benefit reserve at time 2 for a fully discrete 10-year endowment insurance of 1 on (4) is 0.0160. The benefit reserve

You are given:

  1. The benefit reserve at time 2 for a fully discrete 10-year endowment insurance of 1 on (4) is 0.0160.
  2. The benefit reserve at time 2 for a semi-continuous 10-year endowment insurance of 1 on (40) is 0.0163
  3. i=0.05
  4. Deaths are uniformly distributed between integral ages.

Calculate the benefit reserve at time 2 for a semi-continuous 10-year term insurance of 1 on (40)

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