Question: 1. (Based on question 6.45 from the SOA list.) For a fully continuous whole life insurance of 100,000 on (35), you are given: (i) The

1. (Based on question 6.45 from the SOA list.) For a fully continuous whole life insurance of 100,000 on (35), you are given: (i) The annual rate of premium is 560. (ii) Mortality follows the Standard Ultimate Life Table. (iii) Deaths are uniformly distributed over each year of age. (iv) i = 0.05 Calculate the 80th percentile of the loss at issue random variable for this policy. (A) 2010 (B) 2030 (C) 2050 (D) 2070 (E) 2090 1. (Based on question 6.45 from the SOA list.) For a fully continuous whole life insurance of 100,000 on (35), you are given: (i) The annual rate of premium is 560. (ii) Mortality follows the Standard Ultimate Life Table. (iii) Deaths are uniformly distributed over each year of age. (iv) i = 0.05 Calculate the 80th percentile of the loss at issue random variable for this policy. (A) 2010 (B) 2030 (C) 2050 (D) 2070 (E) 2090

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

5. (Based on question 6.43 from the SOA list.) For a fully discrete, 10-year term life insurance of 200,000 on (30) with annual payments for 10 years, you are given: Mortality follows the Standard...

For a fully continuous whole life insurance of $10000 issued to (40), you are given: Mortality follows De Moivre's (or Uniform distribution) law with a = 100. 6=0.06 Premium, based on the Equivalence...

Question 3 1 2 0 marks 1 i . If the force of mortality and force of interest are constant, show that the benefit reserve at the end of c years for t > 0 for a fully continuous whole life insurance on...

Read the following sample life insurance policy: Whole Life Complete the worksheets for each sample policy. Whole Life Policy Worksheet FIN/428 Version 1 University of Phoenix Material Sample Whole...

Answers must be between 200-250 words only. Need for the answer to stay within the guidelines and not be copied directly from another source. Universal Life Policy Worksheet FIN/428 Version 1...

Read the following sample life insurance policies: Universal Life Whole Life Complete the worksheets for each sample policy. Universal Life Policy Worksheet FIN/428 Version 1 University of Phoenix...

Hi. Could you help me with this please? I tried but I couldn't figure it out! Thank you very much! A A P C ... 3 Apll 1 Home Insert Draw Page Layout Formulas Data Review Tell me Share Comments Arial...

Drop down option: Level Premium Drop down options: 1. direct, unlimited, straight life 2. continous premium, limited payment, single premium 3. $10,000, $60,000, 120,000, 200,000, 140,000 4. but...

Salaam sir, You have helped me previously with a tax return problem, and now I have another problem set that builds upon the previous problem. I am wondering if you can take a look at the attached...

Samsung Electronics is trying to reduce supply chain risk by making more responsible make-buy decisions through improved cost estimation. A high-use component (expected usage is 5000 units per year)...

1, 2, 4, 4 3. a. Population mean. b. Population standard deviation.

16. Government Complete each of the following sentences: a. When the private operation of a market leads to overproduction or underproduction of some good, this is known as a(n) . b. Goods that are...

Nyla is a nylon stocking manufacturer. She seeks to call her company Nylon Stockings and seeks to trademark the name so that other companies cannot use those words. This attempt would likely fail due...

=+Identify trends in the social media industry

=+What are some areas you feel you can contribute to in the community?

=+3. Run a report on your personal brand online using the tools available. What are people saying about you online? What will you do with these insights?