ACTSC 455/855 Winter 2014 Assignment 4 SOLUTIONS
1. Choose ANY TWO of the following policies and describe the details of each contract in a brief paragraph. Note the dierences between them.
(a) Manulife Security UL
This is a basic whole life Type B UL pol
Advanced Life Insurance
Models for stock prices
Images provided by Prof. Mary Hardy
Actsc 455/855 Lecture 29
Deterministic profit test of equity linked
Guarantees are not adequately recognised
value of hedge at t
ACTSC 455/855 Winter 2014 Assignment 2 SOLUTIONS
1. A 10-year term insurance issued to a life age 55 has sum insured $200,000 payable at the end of the
month of death, and monthly premiums of $100 payable throughout the term.
Initial, pre-contract expense
ACTSC 455/855 Winter 2014 Assignment 1 SOLUTIONS
1. (a) Using Excel, construct a mortality table starting from age x = 20 using the Standard Select
Survival Model described in the textbook in Section 6.3.
(b) Add columns to the table for annuity functions
ACTSC 455/855 Winter 2014 Assignment 1
due Friday January 24 at the beginning of class
Note: this is a group assignment. You may work in pairs if you choose; both names and ID numbers
should appear on it, and both will receive the same mark. (No extra cre