MA473 S10 Quiz 2

MA473 S10 Quiz 2 - Type of Expense First Year Second year...

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QUIZ 2 Stat 473 Spring 2010 1. A fully discrete whole life policy with a 10,000 death benefit has level annual premiums and is issued to (50). Mortality follows the Illustrative Life Table with interest at 6%. The expenses associated with this policy are given as:
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Unformatted text preview: Type of Expense First Year Second year and after Percent of Premium 60% 5% Per Policy 200 40 Per 1000 1.00 0.25 Per Death Claim 150 150 Calculate the expense loaded premium for this policy....
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This note was uploaded on 02/17/2012 for the course STAT 490 taught by Professor Na during the Fall '11 term at Purdue.

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