You are given: - Premiums are calculated using the equivalence principle. - Mortality follows the Illustrative Life Table. - i = 0.06 Calculate the annual benefit premium for a 30-year fully discrete term insurance on (35) with 15 annual premium payments having a level death benefit of 1000.
You are given: - Premiums are calculated using the equivalence principle. - Mortality follows the Illustrative Life Table. - i = 0.06 Calculate the annual benefit premium for a 30-year fully discrete term insurance on (35) with 15 annual premium payments having a level death benefit of 1000.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You are given:
- Premiums are calculated using the equivalence principle.
- Mortality follows the Illustrative Life Table.
- i = 0.06
Calculate the annual benefit premium for a 30-year fully discrete term insurance on (35) with 15 annual premium payments having a level death benefit of 1000.
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