problem1. prepare the symbols for the following descriptions:
(a) Pure Endowment
(b) Temporary annuity (annual in advance)
(c) Endowment Assurance (assurance part payable at the end of year of death)
(e) Whole Life Assurance payable immediately on death
(f) Term Assurance payable at the end of the year of death
problem2. find out 5|4q55 using:
(a) AM92 selects mortality
(b) PFA92C20 mortality
(c) PMA92C20 mortality
(d) ELT15 (females) mortality
problem3. prepare down (no proofs required) formulae in terms of l[x]+r for:
(a) np[x]
(b) d[x]+r
problem4. Using ELT 15 find out:
(a) 5p0 for males
(b) 5p0 for females
Comment on the difference between them.
problem5. A man is aged exactly 55. What is the probability he dies between his 60th birthday and his 65th birthday, assuming the AM92 mortality table?