A special 3-year endowment insurance is purchased by a 50-year old.The benefit paid at the end of the year of death (bx+1) follows this table:K0qx+1 bx+10.05 1,00010.08 2,0002 0.12 4,000The pure endowment is 5,000.v=0.90 (i=0.1111)What is the Net Single Premium for this insurance?

Given, Type of insurance: Special endowment Term of insurance: 3 year K qK+1 bK+1 0 0.05 1000…

Answered: A special 3-year endowment insurance is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A special 3-year endowment insurance is purchased by a 50-year old. The benefit paid at the end of the year of death (bx+1) follows this table: K 0 1 2 9x+1 bx+1 0.05 1,000 0.08 2,000 0.12 4,000 The pure endowment is 5,000. v=0.90 (i=0.1111) What is the Net Single Premium for this insurance?