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Unformatted text preview: insured age 55 for the following plans of insurance: a) 20-year endowment b) 20-year term c) 10-year term Assume a fully continuous basis with a force of interest, δ = 0.06 and mortality following the Illustrative Life Table. Example Take the previous example and assume that T(55) has De Moivre distribution with p.d.f. For the three loss variables, display the d.f. of L and determine the parameter Q as the smallest non-negative number such that...
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- Fall '08
- life insurance policy, 25-th percentile premium