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Unformatted text preview: (ii) k p x = (0 . 95) k for k = 0, 1, 2, . .. (iii) i = 0.10 Calculate A x . [Hint: Deﬁne v * = 0.95/1.10, and recall from MATH 210 the present value of a perpetuitydue of 1 per year.] (1/3) 4. You are given: (i) For a standard life, A 1 45: 10 = 0.15 (ii) A standard life has mortality rate q 45 = 0.01 (iii) v = 0.95 Due to an extra hazard at age 45, a certain life has q 45 = 0.02, but has standard mortality at all other ages. Calculate A 1 45: 10 for this life. (0.1581) 5. Using the Illustrative Life Table, the UDD assumption over each year of age, and i = 0.06, calculate the actuarial present value of a continuous 30year deferred whole life insurance of 100,000 on (35). (6305.74)...
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 Spring '08
 Staff
 Math, Actuarial Science, Term life insurance, Life table

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