policy, male aged 40, using the provided mortality table and discount or your financial calculator...

60.1K

Verified Solution

Question

Finance

image

policy, male aged 40, using the provided mortality table and discount or your financial calculator using a 4% discount rate). Showa Part 216 oint): Compute the following (A, B and C), all for a S1000 face amount factors ( paper will not be graded:) A) One-year term premium with interest (at age 40 only) B) Net single premium, five-year term C) Net level premium, five-year term early indicating your answers, in the provided blue book. (Serap From CSO Ordinary Mortality Table- Male Lives Age Number Alive Number Deaths Life Dying 40 96,786,105 159,697 1.65 38.33 41 96,626,408 172,961 1.79 37.39 42 96,453,446 189,049 1.96 36.46 43 96,264,398 206,968 2.15 35.53 44 96,057,429 229,577 2.39 34.61 per 1000 Expectancy iscount Factors (based on 4% discount rate)* #years for claims for premiums 0.9615 0.9246 0.8890 0.8548 1.0000 0.9615 0.9246 0.8219 0.8890 0.8548 The "for claims"column contains ordinary PV discount factors, and the "for premiums" column contains "annuity due" discount factors. policy, male aged 40, using the provided mortality table and discount or your financial calculator using a 4% discount rate). Showa Part 216 oint): Compute the following (A, B and C), all for a S1000 face amount factors ( paper will not be graded:) A) One-year term premium with interest (at age 40 only) B) Net single premium, five-year term C) Net level premium, five-year term early indicating your answers, in the provided blue book. (Serap From CSO Ordinary Mortality Table- Male Lives Age Number Alive Number Deaths Life Dying 40 96,786,105 159,697 1.65 38.33 41 96,626,408 172,961 1.79 37.39 42 96,453,446 189,049 1.96 36.46 43 96,264,398 206,968 2.15 35.53 44 96,057,429 229,577 2.39 34.61 per 1000 Expectancy iscount Factors (based on 4% discount rate)* #years for claims for premiums 0.9615 0.9246 0.8890 0.8548 1.0000 0.9615 0.9246 0.8219 0.8890 0.8548 The "for claims"column contains ordinary PV discount factors, and the "for premiums" column contains "annuity due" discount factors

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students