TEMPORARY ASSURANCES.
1G 3
l + «s6+«4i—«36.41=20.3271)101.988(5.017 = £5 0 4 annual prem.
1016355
3525
2033
1492
196. If at the time of effecting the insurance, a certain sum should
be paid with a view of diminishing the annual premiums to he paid
during the term of life, this sum subtracted from the single premium
that would be required, is the amount for which an equivalent annual
premium is to be paid; and as the first annual premium in this case is
paid at the end of the year, we must divide the amount by the annuity
on the life or lives.
A person aged 26 wishes to effect an insurance of £500 payable at
his decease, by paying an immediate sum of ¿£100, and afterwards an
annual premium during his life. What must be the amount of that
premium, Carlisle 4 per cent ?
.289005 “A 8
005
144.5025
100.
17.4859) 44.5025 (2.545=£2 10 11
349718
95307
87430
7877
6994
883
TEMPORARY ASSURANCES.
197. To find the single premium to secure a sum payable at the
end of the year in which the given life or joint lives shall fail, provided
that event happen within t years.
The value of the expectation of receiving the sum at the end of the
wth year is r n (n
A,
)>
in which we have
m 2