1. For a fully continuous whole life insurance of 1000 on (x), i) ux(t) = 0.04 ii) 8 = 0.02 iii) The contract premium is 120% of the benefit premium. Calculate E,L|T(x) > 5], the expected prospective loss at the end of th

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1. For a fully continuous whole life insurance of 1000 on (x),
i) µx(t) = 0.04
ii) 8 = 0.02
iii) The contract premium is 120% of the benefit premium.
Calculate E,L|T(r) > 5, the expected prospective loss at the end of the
fifth year.
Transcribed Image Text:1. For a fully continuous whole life insurance of 1000 on (x), i) µx(t) = 0.04 ii) 8 = 0.02 iii) The contract premium is 120% of the benefit premium. Calculate E,L|T(r) > 5, the expected prospective loss at the end of the fifth year.
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