A life insurance policy with a sum insured of 50,000 paid at the end of year of
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A life insurance policy with a sum insured of 50,000 paid at the end of year of death is issued to (30). The annual premium paid for the next 30 years while the insured is alive. Find the annual net premium of this policy if the mortality is assumed to be exponential with the pdf f(x) = 0:03e^-0.03x and force of interest is 0.05.
Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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