Question: 2. Assume that mortality is given by the table: | x 90 91 92 93 9x 0.1 0.2 0.3 0.4 A 3-year endowment insurance policy

2. Assume that mortality is given by the table: | x 90 91 92 93 9x 0.1 0.2 0.3 0.4 A 3-year endowment insurance policy on (90) is funded by premium payments at the beginning of the year. The benefit is $100. Calculate the annual premium if i = 0.05
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
