214
LIFE ASSURANCES,
the annual premium for the’same is
A —
(m, mj)
(1-r).
) ul
1 ”1” ^m “f” ti rn ^ (tm, m 1 1 "i" T* ^m\ mi
The single premium for an assurance on the last v survivors of any
number of lives aged m, m u m 2 , &c., is
r— (1—r)a
(m, tîi\, m2, &c.)
or 1 —(1— r)(l + a
(m, mi, m-2> &c.)
(m, m\, m% &c.)
1 -ia v —
v qj* (m, Wp m2, &c.)
the annual premium will be
^ —
m, m l5 m2, &c.)
1 + a
l+i
(m, m^ m2, &c.)
1 + a.
(1-r).
(m, mi, m£, &c.)
TEMPORARY ASSURANCES.
The single premium for an assurance for n years on a life aged m is
A (m) ^ — r. 11 - yt"r n J - (1 — r) (« m — ^ r".
° r D m
the annual premium is
r (N m _! ~ N m+n _,) — (N m - N m+n )
D„
A
(m)
ni
'm I'm
'm-f-n
L
1 - —r +a m — —^ r n .a n
m v m
-(l-r).
N m _!—N,,^’
N -N
x ' m ^ m+n
or r “N—Tn •
The single premium for an assurance for n years on two joint lives
aged m and m 1 is
A — rl 1 l ,n+n ^ mi+n r n \ n (n L + n . \ ,
(m, my) 7 * / ‘ r \-** ’ JKy'm, my t / ?wi-|-n/ j
7i ^ t ^m.j J ^m-i
the annual premium is
A ( m , >»,)
nl
1
'm+n
n n , __ ^-f 7 * ^n-t- 77
/ 7 “T a m, mi j * j
''in. ' J 'rn v«
I'm+n
m\ +n
l ’m\
-, ^m 1 -f-w « ,
1 -lZ'T7 r+a -
m-fn ^my-\~.
-(1-r).
A,
L
1 mi+w