A 20-year endowment insurance of RM50,000 with death benefit payable at the moment of death and...

 

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A 20-year endowment insurance of RM50,000 with death benefit payable at the moment of death and is issued to an individual with age (26). If the individual survives until and beyond 20 years from the policy issued, he will receive RM20,000 benefit. Calculate the actuarial present value of the benefits using a de Moivre's distribution with @= 85 and 8 = 0.07. A 20-year endowment insurance of RM50,000 with death benefit payable at the moment of death and is issued to an individual with age (26). If the individual survives until and beyond 20 years from the policy issued, he will receive RM20,000 benefit. Calculate the actuarial present value of the benefits using a de Moivre's distribution with @= 85 and 8 = 0.07.