Whole life insurance Age Lives Actuarial Value Second Moment 55 7,963.68 0.311490 0.147065 65 6,752.26 0.416640 0.222551 Present value of whole life annuity Variance of whole life annuity Present...

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Note: the variance is represented by a squared number (i.e. the standard deviation squared).

Extracted text: Whole life insurance Age Lives Actuarial Value Second Moment 55 7,963.68 0.311490 0.147065 65 6,752.26 0.416640 0.222551 Present value of whole life annuity Variance of whole life annuity Present value of 10 year term life annuity Variance of 10 year term life annuity


Extracted text: Calculate the present value and variance of two life annuities payable continuously in the amount of 40,000 per year. Demographic information: Age 55 Gender Female Status Disabled Retiree Basis: Interest rate 6% Mortality table RPH-2014 Disabled Retiree without mortality improvement. You are given the following values from a life insurance table (actuarial values and second moments shown are for whole life insurance payable at the moment of death):