1. For a fully continuous whole life insurance of 1000 on (x),i) µx(t) = 0.04ii) 8 = 0.02iii) The contract premium is 120% of the benefit premium.Calculate E,L|T(r) > 5, the expected prospective loss at the end of thefifth year.

Given: SA = 1000 μx=0.04δ=0.02 Premium = 1.2P

Answered: 1. For a fully continuous whole life…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. For a fully continuous whole life insurance of 1000 on (x), i) ux(t) = 0.04 ii) 8 = 0.02 iii) The contract premium is 120% of the benefit premium. Calculate E,L|T(x) > 5], the expected prospective loss at the end of th