insured $1000 payable at the end of the year of death. Let us suppose that the life is subject to a mortality of rate of 0.01 over the year, that the nsurer can earn interest at 4 % per year, and ihat there are no expenses. Suppose that this insurance is offered to 2300 policyholders. Find the premium based on the portfolio percentile premium principle so hat the probability of the total future loss is negative is 95%. answer:
insured $1000 payable at the end of the year of death. Let us suppose that the life is subject to a mortality of rate of 0.01 over the year, that the nsurer can earn interest at 4 % per year, and ihat there are no expenses. Suppose that this insurance is offered to 2300 policyholders. Find the premium based on the portfolio percentile premium principle so hat the probability of the total future loss is negative is 95%. answer:
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:Consider a life who purchases a one-year term insurance with sum
insured $1000 payable at the end of the year of death. Let us suppose
that the life is subject to a mortality of rate of 0.01 over the year, that the
insurer can earn interest at 4 % per year, and
nat
there are nO
expenses. Suppose that this insurance is offered to 2300 policyholders.
Find the premium based on the portfolio percentile premium principle so
that the probability of the total future loss is negative is 95%.
Answer:
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