At 1 January 2001, a pension scheme has 100 members aged 65, each eligible for...
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At January a pension scheme has members aged each eligible for a pension of R pa payable annually in arrears. In addition, the members are entitled to a death benefit of R payable at the end of the year of death. No premiums are being paid in respect of these contracts. Over the course of lives die. Calculate the profit or loss from mortality for these contracts.Basis: Mortality: PFAC Interest: pa
At January a pension scheme has members aged each eligible for a pension of R pa payable annually in arrears. In addition, the members are entitled to a death benefit of R payable at the end of the year of death. No premiums are being paid in respect of these contracts. Over the course of lives die. Calculate the profit or loss from mortality for these contracts.Basis: Mortality: PFAC Interest: pa
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