H
Han
Member
Hello,
I have a question about part (ii) of question X4.14.
My expression for the benefit EPV if (x) dies after (y) and within 20 years is given by:
However, this gives an incorrect answer but I do not see where I have gone wrong. This expression is a 20-year term assurance payable immediately if (x) dies within 20 years or upon maturity multiplied by the probability that (x) dies after (y) and that (x) dies within a 20-year period.
Appreciate any help on this. Thanks!
I have a question about part (ii) of question X4.14.
My expression for the benefit EPV if (x) dies after (y) and within 20 years is given by:

However, this gives an incorrect answer but I do not see where I have gone wrong. This expression is a 20-year term assurance payable immediately if (x) dies within 20 years or upon maturity multiplied by the probability that (x) dies after (y) and that (x) dies within a 20-year period.
Appreciate any help on this. Thanks!