Thomas H

March 20th 2007, 03:51 PM

The problem states:

The net amount at risk duration K is defined as the death benefit payable at the end of year k minus the kth terminal reserve.

For an anuual premium 20-year endowment of 1000 on (45) you are given:

Policy Year Net Amount at Risk

2 923.80

3 884.30

17 201.00

18 112.6

The 15th year terminal reserve for a 50,000 endowment at 65 on (47) is V.

Calculate V.

The solution calculates 15_V_47 the 15th year reserve on (47).

Where is the endowment part? Shouldn't it be 15_V_{47:18}?

The net amount at risk duration K is defined as the death benefit payable at the end of year k minus the kth terminal reserve.

For an anuual premium 20-year endowment of 1000 on (45) you are given:

Policy Year Net Amount at Risk

2 923.80

3 884.30

17 201.00

18 112.6

The 15th year terminal reserve for a 50,000 endowment at 65 on (47) is V.

Calculate V.

The solution calculates 15_V_47 the 15th year reserve on (47).

Where is the endowment part? Shouldn't it be 15_V_{47:18}?