Question

In an Endowment assurance contract, what does Px:nך represent?

a.

Premium payable every year for t years

b.

Premium payable every year for a limited period of n years

c.

Premium payable every year for a limited period of t years, with the first payment made at the commencement of the contract

d.

Premium payable every year for a limited period of t years, with the first payment made at the end of the contract

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).Premium payable every year for t years Explanation:In an Endowment assurance contract, Px:nך represents the Premium payable every year for t years.

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Q. In an Endowment assurance contract, what does Px:nך represent?
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