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Unformatted text preview: , 000 at the instant of the second death of ( x ) and ( y ) . Beneﬁt premiums are payable as long as both survive, with the premiums halving after the ﬁrst 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 δ = 0 . 02 , ﬁnd the initial rate of annual premium. 2...
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 Fall '08
 Badescu
 $10, 20 years, 8 years, 10 Years

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