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Unformatted text preview: , 000 at the instant of the second death of ( x ) and ( y ) . Benet pre-miums are payable as long as both survive, with the premiums halving after the rst death. Both lives are subject to a constant force of mortality, with ( x ) subject to a constant force of . 04 and ( y ) subject to a constant force of . 06 . If = 0 . 02 , nd the initial rate of annual pre-mium. 2...
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This note was uploaded on 09/27/2009 for the course ACT ACT348 taught by Professor Badescu during the Fall '08 term at University of Toronto- Toronto.
- Fall '08