Thread: Mortality Rate

At the beginning of the year, an insurer issued 100,000 policies expected to experience first year mortality of q[40]. At the end of the year, 80% of the survivors are expected to experience mortality of q[41] in the second year.

You are given:

(i) q[40] = 0.006
(ii) q[41] = 0.007
(iii) q[40]+1 = 0.008

Calculate the expected mortality rate for the remaining 20% of the survivors.

I always set these up wrong and then spend hours trying to figure out why I'm off so any hints on how to begin would be really helpful! Thank you!