![3. A 2-year term insurance is issued to (x), with death benefits payable at the end of the year of death. Forj-1,2, the death bene fit for policy year j is bj, bi2 0 Assume bi +b 10, Let Z denote the random variable of the present value of the death bene fit payments Giveni-0,q-0.1 andq-0.3, find the value of b which minimizes Var[Z]](http://img.homeworklib.com/questions/b22953a0-72ee-11ea-b2a8-c957a1274355.png?x-oss-process=image/resize,w_560)
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3. A 2-year term insurance is issued to (x), with death benefits payable at the end...
A 3-year endowment insurance policy with the benefits payable at the end of the year of...
A 3-year endowment insurance policy with the benefits payable at the end of the year of death is issued to (46). The benefit formula is given by 1000(1.06) fort 1,2,3 Mortality is based on the following table Age , 45 60 000 46 59 000 47 57 500 48 55 000 49 52 500 50 50 000 51 47 000 52 44 000 53 42 000 Compute the net single premium for this insurance giveni 0.03.
An insurer has a portfolio of 1000 one-year term life insurance policies just issued to 1000...
An insurer has a portfolio of 1000 one-year term life insurance policies just issued to 1000 different (independent) individuals. Each policy will pay $1000 in the event that the policy holder dies within the year. For 500 of the policies, the probability of death is 0.01 per policyholder, and for the other 500 policies the probability of death is 0.02 per policyholder. Find the expected value and the standard deviation of the aggregate claim that the insurer will pay.
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the...
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren. The annual cost per $1,000 of coverage for a person aged 45 to 49 is $1.80. If Warren has paid $25 toward the cost of the insurance, what is the cost of hte policy includible in Warren's gross income? 1) $278.00 2) $144.00 3) $54.00 4) $29.00 5) $0 Question 2 During 2019, Edward East had wages of...
A 3-year endowment insurance policy with the benefits payable at the end of the year of death is issued to (46). The benefit formula is given by 1000(1.06) fort 1,2,3 Mortality is based on the following table Age , 45 60 000 46 59 000 47 57 500 48 55 000 49 52 500 50 50 000 51 47 000 52 44 000 53 42 000 Compute the net single premium for this insurance giveni 0.03.
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