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For a 3-year term insurance on (a), you are given: i. The death benefit is 1000 payable at the moment of death. ii. q = 0.05, 9z+1=0.06, 9z+2=0.08 iii. 6, 0.03 for t≥ 0 =

For a 3-year term insurance on (a), you are given: i. The death benefit is 1000 payable at the moment of death. ii. q = 0.05, 9z+1=0.06, 9z+2=0.08 iii. 6, 0.03 for t≥ 0 =

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question For a 3-year term insurance on (a), you are given: i. The death benefit is 1000 payable at the moment of death. ii. qz = 0.05, 9z+1 = 0.06, 9z+2 = 0.08 iii. 8, = 0.03 for t > 0 Using the claims acceleration approach, approximate the expected present value of insurance benefit. Possible Answers A 155 B 160 U 165 D 170 E 175
Transcribed Image Text:Question For a 3-year term insurance on (a), you are given: i. The death benefit is 1000 payable at the moment of death. ii. qz = 0.05, 9z+1 = 0.06, 9z+2 = 0.08 iii. 8, = 0.03 for t > 0 Using the claims acceleration approach, approximate the expected present value of insurance benefit. Possible Answers A 155 B 160 U 165 D 170 E 175
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