Question: For a double decrement model: a. In the decrement table associated with cause (1), the decrements are uniformly distributed over each year, and qx+k(1)=0.1,k=0,1,2, b.
For a double decrement model: a. In the decrement table associated with cause (1), the decrements are uniformly distributed over each year, and qx+k(1)=0.1,k=0,1,2, b. In the decrement table associated with the cause (2), decrements occur 3/4 times over each year, and qx+k(2)=0.125,k=0,1,2, If a policy (x), whose profit is 1000 for decrement (2), is sold in either of the two years, and if v=0.95. Obtain the single risk premium For a double decrement model: a. In the decrement table associated with cause (1), the decrements are uniformly distributed over each year, and qx+k(1)=0.1,k=0,1,2, b. In the decrement table associated with the cause (2), decrements occur 3/4 times over each year, and qx+k(2)=0.125,k=0,1,2, If a policy (x), whose profit is 1000 for decrement (2), is sold in either of the two years, and if v=0.95. Obtain the single risk premium
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