For a special fully continuous last survivor insurance of 1 on two independent lives, (x) and (y). you are given: 1) Death benefits are payable at the moment of the second death. ii) Level benefit premiums, 7, are payable only while (r) is alive and (y) is dead; no premiums are payable while both are alive or if (z) dies first. ii ) 8 = 0.2 iv) H. (t) = 0.05, t20 v) Hy (t) = 0.06, t20 %3D Calculate T.

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ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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For a special fully continuous last survivor insurance of 1 on two independent lives, (x) and (y). you are given:
i) Death benefits are payable at the moment of the second death.
ii ) Level benefit premiums, T, are payable only while (r) is alive and (y) is dead; no premiums are payable while
both are alive or if (z) dies first.
i ) 8 = 0.2
iv) Hz (t) = 0.05, t20
v) Hy (t) = 0.06, t20
Calculate .
0.0781
O 0.0981
O 0.0881
O 0.0681
0.0581
Transcribed Image Text:For a special fully continuous last survivor insurance of 1 on two independent lives, (x) and (y). you are given: i) Death benefits are payable at the moment of the second death. ii ) Level benefit premiums, T, are payable only while (r) is alive and (y) is dead; no premiums are payable while both are alive or if (z) dies first. i ) 8 = 0.2 iv) Hz (t) = 0.05, t20 v) Hy (t) = 0.06, t20 Calculate . 0.0781 O 0.0981 O 0.0881 O 0.0681 0.0581
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