Query Chapter 9 (Contingent and Reversionary benefits)

Discussion in 'CT5' started by rsmallela, Dec 24, 2008.

  1. rsmallela

    rsmallela Member

    Section 4.1 (page 13)

    In the expression for EPV of endowment assurance (joint life status), where death benefit is paid immediately on death, the pure endowment term shows a 'bar' on 'A'. Is it correct to have a bar on that, given that the endowment value is paid only at the end of the term 'n'.

    Am I missing something here?

    Thanks,
    Raj
     
  2. John Potter

    John Potter ActEd Tutor Staff Member

    Raj,

    You are dead right, a pure endowment does not need a bar above the A,

    John
     

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