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July 5th, 2010, 02:33 PM   #1
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Whole life insurance problem

Could anyone please help my with this exercise:

Consider a whole life insrance measured in intervals of 1/m where a unit is a year. The benefit is payable at the end of the month when death occurs. Let k be the numer of complete years lived and j be the complete number of months lived in the year of death. Prove that
A_X^((m))= i/i^((m)) *A_x

This an exercise for Actuarial Mathematics by Bowers number 4.19.

I would really apreciate any help
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July 6th, 2010, 06:01 AM   #2
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Re: Whole life insurance problem

Without definitions for A, X, x, and i it will be fairly hard!
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