PDA

View Full Version : problem 29.4 in ASM manual



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}?

wat
March 20th 2007, 04:03 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}?

Is it an endowment or an endowment insurance?

Thomas H
March 20th 2007, 08:53 PM
I wrote the question down like it appeared in the manual. I think it's an endowment insurance not a pure endowment.

Abraham Weishaus
March 22nd 2007, 09:24 PM
This is already in the errata.