Hi, I am really struggling with how they got their Death Cost (in the table) "29,500.15" and in (ii)(c) "34,824.60". Would be good if someone could give me some pointers! The method i have tried is (Sum Assured) 40,000 * q[60], but that is 230.96! Thanks
It's because we are assuming that they die, so you don't need the q probability. The death cost is what we need to pay less what we have: £40,000 - £10,499.85 Good luck! John
Many thanks John, just like to say I have read several replies from different thread and your answers are always informative! Thanks again!
