For a term insurance 2 years totally discrete sum insured 1 for a person of age (x), consider: qx = 0.1, qx + 1 = 0.2 v

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answerhappygod
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For a term insurance 2 years totally discrete sum insured 1 for a person of age (x), consider: qx = 0.1, qx + 1 = 0.2 v

Post by answerhappygod »

For a term insurance 2 years totally discrete sum
insured 1 for a person of age (x),
consider:
qx = 0.1, qx + 1 = 0.2
v = 0.9
Kx is the truncated future life time for a person of age (x)
1L is the random variable of loss by prospective method at time 1
using the determined premium
by the principle of equivalence
Calculate V ar (1L | Kx> 0).
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