Question: Given the following values for a general fully discrete whole life policy issued on: The reserve _33V = 0.6 The premium pi_33 = 0.15 The
Given the following values for a general fully discrete whole life policy issued on: The reserve _33V = 0.6 The premium pi_33 = 0.15 The per policy expense e_33 = 0.01 The benefit b_34 = 1.6 The interest rate i = 4% The probability p_33 = 0.9 There are no other expenses. Find _34V B. Find the Net Amount At Risk for the time period. C. Find the pieces of the Summary of Operations (SOO) Income Statement for this period. That is, find the Premium Interest, Reserve Released on Death, Expenses Paid, Death Benefits Paid and Increase in Reserves
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