(i) P, = (ii) V = 0.5 (iii) x+= 1.1 Calculate i. Q2) Calculate d. A...
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(i) P, = (ii) V₁ = 0.5 (iii) äx+= 1.1 Calculate i. Q2) Calculate d. A fully discrete whole life insurance is issued to (x). You are given: You are given: (i)äx+ = 10.0 (ii) ,V, = 0.100 (iii) +1Vx = 0.127 (iv) Px+1+1 = 0.043 k minus the kth terminal reserve. For an annual premium 20-year endowment insurance of 1000 on (45), you are given: The net amount at risk at duration & is defined as the death benefit payable at the end of year Q3) Policy Year Net Amount At Risk 923.80 884.30 201.00 112.60 (1) 2 3 The 15th year terminal reserve for a 50,000 endowment at 65 on (47) is V. Calculate V. 17 18 For a deferred temporary life annuity on (57), you are given: μ = 0.04 (ii) 6 = 0.06 (iii) The premiums are payable continuously for the first two years at the rate of P. (iv) Annuity benefits are paid at the beginning of the year. (v) The following annuity payment schedule: Year 1 Annuity benefit 0 Calculate the reserve at the end of year 3. 2 0 3 4 0 10 5 6 7 8 8 6 4 2 IN 9 and later 0 (i) P, = (ii) V₁ = 0.5 (iii) äx+= 1.1 Calculate i. Q2) Calculate d. A fully discrete whole life insurance is issued to (x). You are given: You are given: (i)äx+ = 10.0 (ii) ,V, = 0.100 (iii) +1Vx = 0.127 (iv) Px+1+1 = 0.043 k minus the kth terminal reserve. For an annual premium 20-year endowment insurance of 1000 on (45), you are given: The net amount at risk at duration & is defined as the death benefit payable at the end of year Q3) Policy Year Net Amount At Risk 923.80 884.30 201.00 112.60 (1) 2 3 The 15th year terminal reserve for a 50,000 endowment at 65 on (47) is V. Calculate V. 17 18 For a deferred temporary life annuity on (57), you are given: μ = 0.04 (ii) 6 = 0.06 (iii) The premiums are payable continuously for the first two years at the rate of P. (iv) Annuity benefits are paid at the beginning of the year. (v) The following annuity payment schedule: Year 1 Annuity benefit 0 Calculate the reserve at the end of year 3. 2 0 3 4 0 10 5 6 7 8 8 6 4 2 IN 9 and later 0
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Q1 To calculate i we can use the following formula i fracP2 VxVx Substituting the given values we get i 411 0505 01727 Therefore the interest rate is ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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