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Math Help - Gross Premiums and Reserves

  1. #1
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    Gross Premiums and Reserves



    Um, please could I get some help on this question? I actually have the solutions but I believe them to be wrong and I'd just like to check.

    And I don't understand part(b) at all so could someone please explain it to me? Many thanks!




    When calculating j, shouldn't b be 1.92308%?

    And shouldn't the APVFB(0)=10000xE(v^T(1+b)^k))?






    I don't understand any of part b, so any help would be much appreciated.
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  2. #2
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    For Part B, I thought APVFIB was the hard part. Did you note that it is substantially just (Present value of family benefit paid) less (present value of bonuses not paid)?
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