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# Section24 - x(i The pure endowment is 2000(ii The death...

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Example : A fully discrete n -year endowment insurance on ( x ) provides, in case of death within n years, a payment of 1 plus the benefit reserve. Obtain formulas for the level benefit premium and the benefit reserve at the end of k years, given that the maturity value is 1 . 1

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Example : For a special fully discrete 2 -year endowment insurance on
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Unformatted text preview: ( x ) : (i) The pure endowment is 2000 . (ii) The death beneﬁt for year k is (1000 k ) plus the beneﬁt reserve at the end of year k , k = 1 , 2 . (iii) π is the level annual beneﬁt premium. (iv) i = 0 . 08 . (v) p x + k-1 = 0 . 9 , k = 1 , 2 . Calculate π . 2...
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• Fall '08