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Chapter 3

Chapter 3 - should assume uniform distribution of deaths...

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Chapter 3 24. If deaths are uniformly distributed between integral ages, calculate 1.5 q [ 53]2 25. If l [51] = 1 0 0,000, calculate l [50] 26. Teach Life Insurance Company has two cohorts of policyholders. Cohort A has 1000 insured lives who are all age 53 and were just underwritten today. Cohort B has 1000 insured lives who are all age 53 and were underwritten 3 years ago. Calculate the total number of insured lives that will still be alive after 2 years. 27. Complete Part 2 of the Class Project. Please set up your spreadsheet to calculate the Cells C18 to C24 on the Input tab based on the mortality table that you were given. This table is in the Tab “Mortality Table”. All work should appear in the Mortality Table tab and only the answers should be on the Input Tab. As before, I should be able to input an age on the Input Tab and the answers should appear for that age. You
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Unformatted text preview: should assume uniform distribution of deaths between integral ages. After completing Part 2, provide the following values from your spreadsheet. All values must be accurate to four decimal places. Do NOT submit your spreadsheet, just these values. x E[T x ] E[K x ] 25 50 28. Complete Part 3 of the Class Project which is to fill in the mortality table in the tab “Select Makeham Table. Assume that μ [x]t = (0.8 2-t ) μ xt for 0 ≤ t ≤ 2 where μ xt is based on the Makeham factors supplied with your spreadsheet. After completing Part 3, provide the following values from your spreadsheet. All values must be accurate to four decimal places. Do NOT submit your spreadsheet, just these values. l [25] l [35] l [45] Answers: 24. 0.10754 103,973.04 1800.355 Project Project...
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Chapter 3 - should assume uniform distribution of deaths...

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