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<ul class="mw-excansopts"><li> 3200</li><li> 3300</li><li> 3400</li><li> 3500</li><li> 3600</li></ul> | <ul class="mw-excansopts"><li> 3200</li><li> 3300</li><li> 3400</li><li> 3500</li><li> 3600</li></ul> | ||
{{soacopyright|2024}} | |||
Latest revision as of 19:56, 19 January 2024
For a fully discrete 10 -year term life insurance policy on [math](x)[/math], you are given:
(i) Death benefits are 100,000 plus the return of all gross premiums paid without interest
(ii) Expenses are [math]50 \%[/math] of the first year's gross premium, [math]5 \%[/math] of renewal gross premiums and 200 per policy expenses each year
(iii) Expenses are payable at the beginning of the year
(iv) [math]A_{x: 10}^{1}=0.17094[/math]
(v) [math]\quad(I A)_{x: 10 \mid}^{1}=0.96728[/math]
(vi) [math]\quad \ddot{a}_{x: 100}=6.8865[/math]
Calculate the gross premium using the equivalence principle.
- 3200
- 3300
- 3400
- 3500
- 3600
Copyright 2024. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.