The parameters in the questions are aged of 20, effective annual rate of Interext is 5% with death benefit afl. Mortalit

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The Parameters In The Questions Are Aged Of 20 Effective Annual Rate Of Interext Is 5 With Death Benefit Afl Mortalit 1 (63.35 KiB) Viewed 23 times

The parameters in the questions are aged of 20, effective annual rate of Interext is 5% with death benefit afl. Mortality model is x = 100- x x + 100 (i) Under the Discvde model of whole life insurance, that is E(Z) = 19 i vill preking) 19 SNE Vkl - Tos = 0.24496 80 6.65 Continous 80 I dt 0 1-1.05.80 (i) Under the modol of whole life insurance E EC2) = (°, vt f (t) d t = (1.05 -0.25103 Please prof explain 8 In (105) the reason why with the same parameters, under the discrete model 이 whole life insurance the ECZ) = 0.24496 and under the continous model of whole life insurance E(Z) = 0.25103. Explain into details why with the same but with different answers. parameters