Matematika Asuransi Jiwa I UTS III - Semester II - 2009 / 2010

1. Employee enter a benet plan at age 30. If an employee remains in service until mandatory retirement at age 70, the member receive an annual pension $300 times years of service. If the employee dies in service before mandatory retirement, the beneciary is paid $20000 immediately. If the employee withdraws before mandatory retirement for any reason except death, the member receives a deferred life annuity, starting at age 70, with annual income of $300 times years of service. Give an expression, in terms of integrals and continuous annuities, for the actuarial present value of these benets for an employee at age 30. 2. A plan provides for an income benet rate of 2% of the 3-year nal average salary for 1 % of the each of service, payable to age 65. Thereafter, the income benet rate is 1 3 3-year aged 50, who entered service at age 30 and has a salary of $36000, if the earliest retirement age is 55 and all retirements are completed by age 68. (a) Express the actuarial present value of the participants benet. (b) Assume the maximum years to be credited is 35. What does the formula for the actuarial present value of the benet become? (c) Write the formula for the actuarial present value of the income benet associated with the service between ages 30 and 40 of the participants.