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(Solved): For a fully discrete 20 -year endowment insurance of 10,000 on (50), you are given: (i) Mortality ...



For a fully discrete 20 -year endowment insurance of 10,000 on (50), you are given:
(i) Mortality follows the Illustrative Li

For a fully discrete 20 -year endowment insurance of 10,000 on (50), you are given: (i) Mortality follows the Illustrative Life Table. (ii) \( i=0.06 \) (iii) The annual premium is 495 . (iv) Expenses are payable at the beginning of the year. (v) The expenses are: (vi) \( L \) is the loss-at-issue random variable. Calculate \( \mathbf{E}[L] \). (A) \( -930 \) (B) \( -1080 \) (C) \( -1130 \) (D) \( -1180 \) (E) \( -1230 \) A B C \( O \) \( E \)


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To calculate the expected loss at issue, we need to first calculate the expected present value of the policy benefits. We do this by multiplying the p
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