Asset Share Example
SoA MLC 242
For a fully discrete whole life insurance of 10,000 on ($x$), you are given:
- $~_{10} AS =1600$ is the asset share at the end of year 10.
- $G = 200$ is the gross premium.
- $~_{11} CV =1700$ is the cash value at the end of year 11.
- $ c_{10} = 0.04$ is the fraction of gross premium paid at time 10 for expenses.
- $e_{10} = 70$ is the amount of per policy expense paid at time 10.
- Death and withdrawal are the only decrements.
- $q_{x+10}^{(d)} = 0.02 $
- $q_{x+10}^{(w)} = 0.18 $
- $i = 0.05$