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    Life Con 2 Assignment

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    Kogi vaani
    The document contains various numerical values and tables related to modeling an insurance policy over time, including variables like the policy value, expenses, cash value, and risk charges at various points over 15 periods. It shows how factors like premiums, expenses, mortality, lapse rates, and interest are used to calculate values for the policy over time. The tables provide details on the policy value, expenses, cash value, benefits, assets, surplus, gains, profits, and risk charges for the policy at each period.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Life Con 2 Assignment

    Uploaded by

    Kogi vaani
    24 views5 pages
    The document contains various numerical values and tables related to modeling an insurance policy over time, including variables like the policy value, expenses, cash value, and risk charges at various points over 15 periods. It shows how factors like premiums, expenses, mortality, lapse rates, and interest are used to calculate values for the policy over time. The tables provide details on the policy value, expenses, cash value, benefits, assets, surplus, gains, profits, and risk charges for the policy at each period.

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    © © All Rights Reserved

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    The document contains various numerical values and tables related to modeling an insurance policy over time, including variables like the policy value, expenses, cash value, and risk charges at various points over 15 periods. It shows how factors like premiums, expenses, mortality, lapse rates, and interest are used to calculate values for the policy over time. The tables provide details on the policy value, expenses, cash value, benefits, assets, surplus, gains, profits, and risk charges for the policy at each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    24 views5 pages

    Life Con 2 Assignment

    Uploaded by

    Kogi vaani
    The document contains various numerical values and tables related to modeling an insurance policy over time, including variables like the policy value, expenses, cash value, and risk charges at various points over 15 periods. It shows how factors like premiums, expenses, mortality, lapse rates, and interest are used to calculate values for the policy over time. The tables provide details on the policy value, expenses, cash value, benefits, assets, surplus, gains, profits, and risk charges for the policy at each period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Variable Constant

    x 35
    n 15
    it 0.09
    δt 0.08618
    premratex,t 11
    polfee 20
    avgsizex 125
    expthoux,t 0
    expdeatht 100
    explapset 20
    DBx,t 1000
    v 0.9174311926606

    t 1000qdx,t qwx,t exppolx,t exp premx,t CVx,t


    1 0.44 0.15 135 1.45 0
    2 0.5 0.09 20 0.1 0
    3 0.66 0.07 20 0.1 4.97
    4 0.77 0.06 20 0.1 15.05
    5 0.88 0.05 20 0.1 25.71
    6 0.99 0.05 20 0.1 36.99
    7 1.11 0.05 20 0.1
    8 1.25 0.05 20 0.1
    9 1.42 0.05 20 0.1
    10 1.6 0.05 20 0.1
    11 1.8 0.05 20 0.1
    12 2 0.05 20 0.1
    13 2.2 0.05 20 0.1
    14 2.46 0.05 20 0.1
    15 2.8 0.05 20 0.1

    Decrements, Discounting and Premiums


    t 1000qdx,t pdx,t qwx,t px,t Dx,t premiumx,t
    1 0.44 0.99956 0.15 0.84956 0.779412844 11.16
    2 0.5 0.9995 0.09 0.9095 0.650344937 11.16
    3 0.66 0.99934 0.07 0.92934 0.554487673 11.16
    4 0.77 0.99923 0.06 0.93923 0.477790328 11.16
    5 0.88 0.99912 0.05 0.94912 0.416037024 11.16
    6 0.99 0.99901 0.05 0.94901 0.362223207 11.16
    7 1.11 0.99889 0.05 0.94889 0.315330256 11.16
    8 1.25 0.99875 0.05 0.94875 0.274467505 11.16
    9 1.42 0.99858 0.05 0.94858 0.238857235 11.16
    10 1.6 0.9984 0.05 0.9484 0.207827708 11.16
    11 1.8 0.9982 0.05 0.9482 0.180791039 11.16
    12 2 0.998 0.05 0.948 0.157238445 11.16
    13 2.2 0.9978 0.05 0.9478 0.136725319 11.16
    14 2.46 0.99754 0.05 0.94754 0.118855696 11.16
    15 2.8 0.9972 0.05 0.9472 0.10328451 11.16

    Expenses and Cash Values


    t exppolx,t exp premx,t beg expx,t end expx,t CVx,t
    1 135 1.45 17.262 0.024367603 0
    2 20 0.1 1.276 0.01481773 0
    3 20 0.1 1.276 0.011751404 4.97
    4 20 0.1 1.276 0.010243305 15.05
    5 20 0.1 1.276 0.008735205 25.71
    6 20 0.1 1.276 0.008827106 36.99
    7 20 0.1 1.276 0.008927361
    8 20 0.1 1.276 0.009044326
    9 20 0.1 1.276 0.009186354
    10 20 0.1 1.276 0.009336737
    11 20 0.1 1.276 0.009503829
    12 20 0.1 1.276 0.009670921
    13 20 0.1 1.276 0.009838013
    14 20 0.1 1.276 0.010055233
    15 20 0.1 1.276 0.01033929

    Benfits, Assets and Surplus


    t polbenx,t benexpx,t Asx,t Vx,t surplusx,t
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15

    Gain, Profit and Risk Charges


    t gainx,t profitx,t pvprofitx riskchrgx,t pvriskchrgt
    1
    2 0
    3 0
    4 0
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    Ax äx benefit premium
    0.00037018 0.917028 0.40366972477064
    0.00038573 0.840889 0.45871559633022
    0.00046681 0.770949 0.60550458715596
    0.00049926 0.706748 0.70642201834867
    0.00052301 0.647822 0.80733944954128
    0.00053927 0.593744 0.90825688073399
    0.0005541 0.544114 1.01834862385326
    0.00057175 0.498563 1.14678899082566
    0.00059503 0.456748 1.30275229357796
    0.00061411 0.418364 1.46788990825692
    0.00063269 0.38313 1.65137614678901
    0.00064366 0.350792 1.8348623853211
    0.00064813 0.32112 2.01834862385319
    0.00066325 0.29388 2.25688073394497
    0.00069065 0.26886 2.56880733944956

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