In this question, we consider a m thly n year endowment contract The benefit is payable at the end of 1 mth year of death if death occurs within n years Otherwise, the benefit is payable at the end of the term (n years) Suppose that i 0 05 m 12 Z is the p v r v of a (m thly) 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 ) Use claim acceleration approach to approximate the actuarial expected value of this contract 0 05 m 12 0 05 m 12

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Question: In this question, we consider a m-thly n-year endowment contract. The benefit is payable at the end of 1/mth year of death if death occurs

In this question, we consider a m-thly n-year endowment contract. The benefit is payable at the end of 1/mth year of death if death occurs within n years. Otherwise, the benefit is payable at the end of the term (n years).

Suppose that

i = 0.05
m = 12
Z is the p.v.r.v. of a (m-thly) 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).

Use claim acceleration approach to approximate the actuarial expected value of this contract

0.05 m- 12 0.05 m- 12

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