Question: Let a denote the annual premium for a whole life contingent contract of benefit amount 10,000 issued to (30), and let L(7) denote the

Let a denote the annual premium for a whole life contingent contract of benefit amount 10,000 issued to (30), and let L(T) de

Let a denote the annual premium for a whole life contingent contract of benefit amount 10,000 issued to (30), and let L(7) denote the present value of loss random variable for this con- tract. The interest rate is i=.06. Find the smallest value of z such that Pr[L(t) > 0] < .50, given the following values from the life table survival model to which (30) is subject: l30 = 9,501,382 l77 = 4,828,285 l78 = 4,530,476

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