A life insurance policy issued to a life aged 5 0 pays $ 2 0 0 0

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Question:

A life insurance policy issued to a life aged

50

pays $

2000

at the end of the quarter year of death before age

65

and $

1000

at the end of the quarter year of death after age

65 .

Use the Standard Ultimate Life Table and assuming interest at

5 %

per year, in the following.

(

)

Calculate the EPV of the benefit.

(

)

Calculate the standard deviation of the present value of the benefit.

Posted Date: May 18, 2024 11:04 PM

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A life insurance policy issued to a life aged 5 0 pays $ 2 0 0 0

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