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Unformatted text preview: ACTL3002/5105 Life Insurance and Superannuation Models Tutorial Presentation Questions Please note that these Questions will be updated periodically 1. Describe a Fixed Term Life Insurance payable at the end of year of death. 2. Describe a whole life insurance payable at the moment of death. 3. What is an endowment contract. Can you give its expression when its payable at the moment of death. 4. Discuss the differences between insurances payable at the end of year of death and those payable at the moment of death. How are such insurances related? 5. Describe the whole life annuity-due. With the aid of summation-by-parts, derive the formula for the present value of such an annuity. 6. Discuss and derive the relationship between a whole life annuity-due and a whole life insurance contract. 7. Use summation-by-parts techniques to derive the present value of a temporary life annuity-due. Also highlight the relationship between such an annuity to an endowment life insurance....
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