Example: tourism industry
EXAM M ACTUARIAL MODELS
6 6. For a special fully discrete whole life insurance of 1000 on (40): (i) The level benefit premium for each of the first 20 years is π. (ii) The benefit premium payable thereafter at age x is 1000vqx, x = 60, 61, 62,… (iii) Mortality follows the Illustrative Life Table.
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