R
r_v.s
Member
Would you plz explain the expression for a contingent assurance Ax1y (benefit pd on death of x, if x dies first) when payment is made at the end of year of death?
Isnt it the summation over t of the product of
1) v^t+1
2) tpxy
3) qx+t? (it is qx+t:y+t, with a one over the x+t in the CT notes)
What does the term in CT5, 2012 page 424 mean?
Isnt it the summation over t of the product of
1) v^t+1
2) tpxy
3) qx+t? (it is qx+t:y+t, with a one over the x+t in the CT notes)
What does the term in CT5, 2012 page 424 mean?