(a) Peter and Bill are two actuaries who use the same mortality table to price fully discrete 2-year endowment insurance
Posted: Thu May 05, 2022 8:30 am
(a) Peter and Bill are two actuaries who use the same mortality table to price fully discrete 2-year endowment insurance of 200on (2). ● Barbie calculates level annual benefit premiums of 97.4. ● Bill calculates non-level benefit premiums of 100 for the first year, and for the second year. Interest rate ¡is 8% - Both actuaries calculate benefit premium based on the equivalence principle. Calculate