A special fully continuous whole life insurance pays a benefit of 1000 plus a refund of all
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Question:
A special fully continuous whole life insurance pays a benefit of 1000 plus a refund of all premiums without interest at the moment of death. We are given μ=0.01 and δ=0.05. Calculate the annual premium.
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date: