Question: make sure its in stabdard deviation final answer 1. For a special whole life insurance policy issued to (40) you are given: a. Death benefits

make sure its in stabdard deviation final answer

1. For a special whole life insurance policy issued to (40) you are given: a. Death benefits are payable at the end of the year of death; b. The amount of benefit is 2 if death occurs within the first 20 years and 1 thereafter; C. Z is the present value random variable for payments under this insurance. d. i = 0.03 The following values: AX 20EX 40 0.36987 0.51276 60 0.62567 0.17878 f. E(72) = 0.25954 e. Calculate the standard deviation of Z. (3 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Match the terms associated with managing your use of life insurance with the descriptions of the terms. (Note: These are not necessarily complete definitions, but there is only one correct...

0.2 Consider a whole life insurance policy issued to (60) with level sum insured of $100ooo. Benefits are payable at the end of the year of death and premiums are payable for the life of the policy....

Consider a whole life insurance policy issued to (60) with a level sum insured of $100000. Benefits are payable at the end of the year of death and premiums are payable for the life of the policy....

(1 point) A survival model is given by the survival function S0(x)=(1125x)3/13. Suppose a whole life insurance policy with a benefit of $34000 payable at the end of the year of death has an effective...

For a special whole life insurance policy on (45) with benefits payable at the moment of death, you are given: (i) The death benefit at time t is b t = 60/(45t) , t

For a special whole life insurance policy on (45) with benefits payable at the moment of death, you are given: (i) The death benefit at time t is (ii) (iii) = 0.03. Calculate the single benefit...

Answers must be between 200-250 words only. Need for the answer to stay within the guidelines and not be copied directly from another source. Universal Life Policy Worksheet FIN/428 Version 1...

Read the following sample life insurance policies: Universal Life Whole Life Complete the worksheets for each sample policy. Universal Life Policy Worksheet FIN/428 Version 1 University of Phoenix...

Read the following sample life insurance policy: Whole Life Complete the worksheets for each sample policy. Whole Life Policy Worksheet FIN/428 Version 1 University of Phoenix Material Sample Whole...

What did you learn about Essential Business Concepts?

A machine was originally imported from Japan at Rs. 250 lakh in July, 20XX on payment of all duties of customs. The said machine was exported (sent back) to the supplier for repairs in December, 20XX...

9. The histogram represents the ages, in years, of 50 children. Find (i) the range. (ii) the median age. (iii) the lower and upper quartiles, (iv) the interquartile range. 12+ 10+ Frequency 6 8 4+...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...