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(Solved): For a 2-year term insurance of 1000 on (56), you are given: (i) 1000q_(56)=9.75 and 1000q_(57)=10.6 ...
For a 2-year term insurance of 1000 on (56), you are given:
(i) 1000q_(56)=9.75 and 1000q_(57)=10.6
(ii) Mortality follows the uniform distribution of death over each year of age.
(iii) Death benefits are paid at the end of each half year of death.
(iv) Premiums are payable annually.
(v) i^((2))=6%
(vi) 1000A_(56:2)^(1) = 18.51645
Calculate _(()0.5)V,_(1)V and _(()1.5)V recursively.