problem 1) Describe the pure endowment insurance.
problem 2) Describe temporary assurance.
problem 3) Derive a formula for accumulated values of annuity.
problem 4) describe level benefit insurance.
problem 5) prepare a short note on endowment assurance.
problem 6) describe deferred temporary life annuity.
problem 7) Find the value as at the end of 5½ years of an annuity of 120/- p.a payable half yearly for 20 years at the rate of interest being taken as 6% p.a convertible half yearly.
problem 8)a) describe various aspects involved in insurance payable at the moment of death.
b) Determine the net single premium for 20years endowment assurance with sum assured 500 payable at moment of death for a select life aged 40 subject to the following information at 4% interest. Given M_{[40]} =1904.86 D_{[40]} =6981.60 M_{[60]} =1477.08 D_{[60]} =2885.59
problem 9)a) The following particulars are given:
X 35 36 38 39 40 41 42 43 44
Lx 10000 9941 9907 9869 9827 9780 9728 9671 9608
dx 28 34 38 42 47 52 57 63 70
Compute the level annual premium for pure endowment assurance for 10 years on the life of a person aged 35 years for 10000 ignoring interest costs.
b) Derive the expression for accumulated value of immediate annuity of 1p.a
problem 11)a) Determine the present value of a series of 6 payments of 200 p.a. the first one being made at the end of 8 years assuming a rate of interest of 6% p.a.
problem 12)a) Describe
(i) Increasing temporary assurance
(ii) Increasing whole life assurance
b) Describe the use of communication functions D_{x}, C_{x}, M_{x} and R_{x}, giving suitable exs.