You are given the following excerpt from a life table, including mortality rates and expected value of a 1 unit whole life insurance payable at end of year of death for (x) using an interest rate of 4%: 4x Ax 65 0.012731 9,120.85 0.488213 65 66 0.013698 9,004.73 0.501394 66 67 0.014785 8,881.39 0.514803 67 68 0.016008 8,750.07 0.528423 68 69 0.017379 8,610.00 0.542232 69 70 0.018915 8,460.37 0.556209 70 71 0.020630 8,300.34 0.570330 71 72 0.022545 8,129.11 0.584573 72 73 0.024682 7,945.84 0.598913 73 74 0.027066 7,749.72 0.613326 74 75 0.029730 7,539.96 0.627784 75 You are also given that during the 2 year select period the mortality rates are a fraction of the normal mortality according to the following table: 91x)+1 3 2 4 9x+1 Using survival probabilities from the select life model described above, find the value of a 5,000 5-year deferred life policy payable at the end of year of death for a policy holder [65] (select age 65). 5,000 5|A[65; -
You are given the following excerpt from a life table, including mortality rates and expected value of a 1 unit whole life insurance payable at end of year of death for (x) using an interest rate of 4%: 4x Ax 65 0.012731 9,120.85 0.488213 65 66 0.013698 9,004.73 0.501394 66 67 0.014785 8,881.39 0.514803 67 68 0.016008 8,750.07 0.528423 68 69 0.017379 8,610.00 0.542232 69 70 0.018915 8,460.37 0.556209 70 71 0.020630 8,300.34 0.570330 71 72 0.022545 8,129.11 0.584573 72 73 0.024682 7,945.84 0.598913 73 74 0.027066 7,749.72 0.613326 74 75 0.029730 7,539.96 0.627784 75 You are also given that during the 2 year select period the mortality rates are a fraction of the normal mortality according to the following table: 91x)+1 3 2 4 9x+1 Using survival probabilities from the select life model described above, find the value of a 5,000 5-year deferred life policy payable at the end of year of death for a policy holder [65] (select age 65). 5,000 5|A[65; -
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![You are given the following excerpt from a life table, including mortality rates and expected value of a 1
unit whole life insurance payable at end of year of death for (x) using an interest rate of 4%:
9x
Ax
65
0.012731
9,120.85
0.488213
65
66
0.013698
9,004.73
0.501394
66
67
0.014785
8,881.39
0.514803
67
68
0.016008
8,750.07
0.528423
68
69
0.017379
8,610.00
0.542232
69
70
0.018915
8,460.37
0.556209
70
71
0.020630
8,300.34
0.570330
71
72
0.022545
8,129.11
0.584573
72
73
0.024682
7,945.84
0.598913
73
74
0.027066
7,749.72
0.613326
74
75
0.029730
7,539.96
0.627784
75
You are also given that during the 2 year select period the mortality rates are a fraction of the normal
mortality according to the following table:
91x]+1
3
2
4 9x+1
Using survival probabilities from the select life model described above, find the value of a 5,000 5-year
deferred life policy payable at the end of year of death for a policy holder [65] (select age 65).
5,000 5|A[65):](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe530699f-ed47-41ee-938c-cc1eb16b1abe%2F5fb990b4-a892-45d9-8b1b-e92a85d9507d%2F2ig8cu_processed.png&w=3840&q=75)
Transcribed Image Text:You are given the following excerpt from a life table, including mortality rates and expected value of a 1
unit whole life insurance payable at end of year of death for (x) using an interest rate of 4%:
9x
Ax
65
0.012731
9,120.85
0.488213
65
66
0.013698
9,004.73
0.501394
66
67
0.014785
8,881.39
0.514803
67
68
0.016008
8,750.07
0.528423
68
69
0.017379
8,610.00
0.542232
69
70
0.018915
8,460.37
0.556209
70
71
0.020630
8,300.34
0.570330
71
72
0.022545
8,129.11
0.584573
72
73
0.024682
7,945.84
0.598913
73
74
0.027066
7,749.72
0.613326
74
75
0.029730
7,539.96
0.627784
75
You are also given that during the 2 year select period the mortality rates are a fraction of the normal
mortality according to the following table:
91x]+1
3
2
4 9x+1
Using survival probabilities from the select life model described above, find the value of a 5,000 5-year
deferred life policy payable at the end of year of death for a policy holder [65] (select age 65).
5,000 5|A[65):
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