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| rev | Admin | (Created page with "An insurance company sells special fully discrete two-year endowment insurance policies to smokers (S) and non-smokers (NS) age <math>x</math>. You are given: (i) The death benefit is 100,000 ; the maturity benefit is 30,000 (ii) The level annual premium for non-smoker policies is determined by the equivalence principle (iii) The annual premium for smoker policies is twice the non-smoker annual premium (iv) <math>\quad \mu_{x+t}^{\mathrm{NS}}=0.1, t>0</math> (v) <ma...") | Jan 19'24 at 1:37 | +798 |