Question

What is the formula for calculating Premium payable every year by a life aged x in a Whole life contract?

a.

Px = Ax / äx

b.

Px = Ax / äx: nך

c.

SP = Ax

d.

Px = Ax: nך / äx:tך

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Px = Ax / äx Explanation:The formula for calculating Premium payable every year by a life aged x in a Whole life contract is Px = Ax / äx.

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Q. What is the formula for calculating Premium payable every year by a life aged x in a Whole life contract?
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