ST472 F10 Quiz 8 Solution - Quiz 8 STAT 490 December 1,...

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Unformatted text preview: Quiz 8 STAT 490 December 1, 2010 1. A fully discrete whole life policy with a death benefit of F is sold to (70). You are given: i. Mortality follows the illustrative Life Table ii. lnterest is at 6% per annum iii. The following expenses are used to calculate the annual expense loaded premium G which is 18,330.47: Type of Expense Year 2 and later Percent of Premium Per Policy -3_ Per 1000 Per Death claim iv. The only decrement is death. Calculate F. l: “75' / “l” mow + ’00” 4,. /53 fl7Q 52:70 :: gpiflégfi .479 :3 b'éfl)‘+q© Fag: (lg, sauw’BEB' season 9 —— ail we Noe— 40(35493) \i You are given the following information for a policy issued to (50): a. Where decrement 1 is death and decrement 2 is withdrawals, b. The following expenses: -_ The annual gross premium is 8000 payable at the beginning of each year. The death benefit is 100,000 payable at the end of the year of death. The withdrawal benefit at the end of the first year is 200. The withdrawal benefit at the end of the second year is 2500 i=0.10 anhfbao Calculate 2AS. 043:0 > I.) , 95(I«O.02,v0~10>:(o+ goooél—oa) »2®®( . v [DZ /oo,ooo (,on « 1513 (OWE 6100 03 ,7 A3 3—4944 lg ‘ '\ (“QWQMWWCVWQ’ Wyn) if; s: s l’ 00““ 0‘ a A ( MG aacai’aotb “t ’5'595‘9'W5"9@© (mg) 2 As : Stilt??? ...
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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 University-West Lafayette.

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ST472 F10 Quiz 8 Solution - Quiz 8 STAT 490 December 1,...

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