Question: Actuarial LTAM question please help! 1. ACTUARIAL LTAM QUESTION 1. Given the following: 90.0) 0003047109 0.003527616 0003924341 Questions: a. Calculate the value of 1 pm

Actuarial LTAM question please help!

Actuarial LTAM question please help! 1. ACTUARIAL LTAM QUESTION 1. Given the

1. ACTUARIAL LTAM QUESTION 1. Given the following: 90.0) 0003047109 0.003527616 0003924341 Questions: a. Calculate the value of 1 pm without consideration of mortality Improvement. b. Calculate the value of 3 pm with mortality Improvement. c. Calculate the AM! of a 3-year temporary life annuity due sold to a 60-year old, taking mortality improvement into account, at 3%. d. Calculate the MW of a 3-year term life insurance sold to a 60-year old, taking mortality improvement into account. at 3%. e. If mortality improvement were not taken into account would your answer to c. be higher or lower? Why? f. If mortality improvement were not taken Into account would your answer to d. be higher or lower? Why

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 Accounting Questions!