Because the life aged 0 is not guaranteed to reach age 21.
if you dont see the significance of this, consider what your intuition says about .
PS: this is not a specialist actuarial forum, try defining your terms in your posts.
Because the life aged 0 is not guaranteed to reach age 21.
if you dont see the significance of this, consider what your intuition says about .
PS: this is not a specialist actuarial forum, try defining your terms in your posts.