Question: Problem 9. (10 pts) We consider a fully discrete whole life insurance of 1 on an individual (50) with premium for life. The mortality model

Problem 9. (10 pts) We consider a fully discrete whole life insurance of 1 on an individual (50) with premium for life. The mortality model follows So(t) = 1 - , where w is the upper age limit. We know that 10 V = 0.0568, 11 V = 0.0636 and 12V = 0.0707. The annual effective interest rate is i = 0.082. Find the upper age limit w. Problem 9. (10 pts) We consider a fully discrete whole life insurance of 1 on an individual (50) with premium for life. The mortality model follows So(t) = 1 - , where w is the upper age limit. We know that 10 V = 0.0568, 11 V = 0.0636 and 12V = 0.0707. The annual effective interest rate is i = 0.082. Find the upper age limit w

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