Question: In this question, we consider a discrete n-year endowment contract. The benefit is payable at the end of year of death if death occurs within

In this question, we consider a discrete n-year endowment contract. The benefit is payable at the end of year of death if death occurs within n years. Otherwise, the benefit is payable at the end of the term (n years) Suppose that z = 0.05 . Z is the p.v.r.v. of a (discrete) 5-year endowment contract sold to (60) The benefit of the endowment contract is 1000 Mortality follows the Illustrative Life Table. (You can download this table from Files/SoA-LATM- standard-ultimate-life-table.pdf. Calculate the actuarial expected value of this contract. In this question, we consider a discrete n-year endowment contract. The benefit is payable at the end of year of death if death occurs within n years. Otherwise, the benefit is payable at the end of the term (n years) Suppose that z = 0.05 . Z is the p.v.r.v. of a (discrete) 5-year endowment contract sold to (60) The benefit of the endowment contract is 1000 Mortality follows the Illustrative Life Table. (You can download this table from Files/SoA-LATM- standard-ultimate-life-table.pdf. Calculate the actuarial expected value of this contract

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