#Create the Italian 92 male actuarial table at 3\% from the demoIta dataset.

#How much a 25 old policyholder should pay to receive \$ 100,000 when he
#turns 65, assuming he is in life?


#How much a 25 old policyholder should pay to receive \$ 100,000 when he
#turns 65 or when he dies?


#On the SOA actuarial table, calculate the APV whole life insurance for a
#policyholder aged 30 with benefit payable at the end of month of death at 4\% interest rate.

Axn(soa08Act, x=30,i=0.04,k=12)

#For the APV calculated at the above point, determine the level benefit
#premium assuming it will be paid until the policyholder's death.
Axn(soa08Act, x=30,i=0.04,k=12)/axn(soa08Act, x=30,k=0.04)

#Calculate the quarterly premium that a policyholder aged (50) shall pay
#until the year of death to insure a face value of 100,000. The face value will be paid at the end of the 
#quarter of death.


#Compute the 15-year benefit premium for a 35-year term insurance with benefit
#payable at the end of month of deat.
#Assume the interest rate to be 3 %% and the premium to be paid at the beginning of each month.

APV=100000*Axn(soa08Act, x=30,n=35,i=0.03, k=12) #Get the APV
Pa=APV/axn(soa08Act, x=30,n=15,i=0.03,k=12) #annualized benefit premium (payable monthly)
Pm=Pa/12 #montly benefit premium
spedygiorgio/lifecontingencies documentation built on March 21, 2021, 5:36 a.m.