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Roll No (in numbers only)
Batch
Semster

Please use the given worksheet for answer all questions and fill final answer in those cells higlighted by yellow (if gi
 Student Portal

BMS 121/075
3rd
6th

given worksheet for answer all questions and fill final answer in those cells higlighted by yellow (if given)
You are allowed to create any number of worksheet to answer the questions
Mortality Rates
AM92
Age q[x] q[x-1]+1 qx
17 0.000427 0.000600
18 0.000426 0.000548 0.000594
19 0.000425 0.000544 0.000587
20 0.000425 0.000541 0.000582
21 0.000425 0.000538 0.000577
22 0.000427 0.000535 0.000572
23 0.000429 0.000534 0.000569
24 0.000431 0.000533 0.000567
25 0.000435 0.000533 0.000566
26 0.000440 0.000535 0.000567
27 0.000447 0.000538 0.000570
28 0.000455 0.000542 0.000574
29 0.000465 0.000549 0.000580
30 0.000476 0.000558 0.000590
31 0.000490 0.000569 0.000602
32 0.000507 0.000584 0.000617
33 0.000527 0.000602 0.000636
34 0.000550 0.000624 0.000660
35 0.000577 0.000651 0.000689
36 0.000608 0.000683 0.000724
37 0.000644 0.000722 0.000765
38 0.000685 0.000768 0.000813
39 0.000733 0.000823 0.000870
40 0.000788 0.000887 0.000937
41 0.000851 0.000962 0.001014
42 0.000922 0.001049 0.001104
43 0.001003 0.001150 0.001208
44 0.001096 0.001267 0.001327
45 0.001201 0.001402 0.001465
46 0.001320 0.001557 0.001622
47 0.001455 0.001735 0.001802
48 0.001607 0.001938 0.002008
49 0.001778 0.002170 0.002241
50 0.001971 0.002434 0.002508
51 0.002189 0.002732 0.002809
52 0.002433 0.003070 0.003152
53 0.002707 0.003452 0.003539
54 0.003014 0.003881 0.003976
55 0.003358 0.004363 0.004469
56 0.003742 0.004903 0.005025
57 0.004171 0.005507 0.005650
58 0.004649 0.006180 0.006352
59 0.005182 0.006929 0.007140
60 0.005774 0.007760 0.008022
61 0.006433 0.008680 0.009009
 62 0.007164 0.009696 0.010112
63 0.007974 0.010815 0.011344
64 0.008871 0.012046 0.012716
65 0.009864 0.013396 0.014243
66 0.010960 0.014873 0.015940
67 0.012169 0.016484 0.017824
68 0.013502 0.018239 0.019913
69 0.014969 0.020145 0.022226
70 0.016582 0.022210 0.024783
71 0.018353 0.024441 0.027606
72 0.020296 0.026847 0.030718
73 0.022423 0.029434 0.034144
74 0.024750 0.032208 0.037911
75 0.027293 0.035176 0.042046
76 0.030067 0.038344 0.046578
77 0.033090 0.041715 0.051538
78 0.036379 0.045292 0.056956
79 0.039954 0.049080 0.062867
80 0.043833 0.053078 0.069303
81 0.048037 0.057288 0.076300
82 0.052586 0.061709 0.083893
83 0.057501 0.066337 0.092117
84 0.062804 0.071169 0.101007
85 0.068516 0.076199 0.110600
86 0.074661 0.081422 0.120929
87 0.081258 0.086827 0.132028
88 0.088331 0.092405 0.143929
89 0.095902 0.098144 0.156660
90 0.103990 0.104031 0.170247
91 0.110052 0.184714
92 0.200079
93 0.216354
94 0.233548
95 0.251662
96 0.270688
97 0.290613
98 0.311414
99 0.333058
100 0.355505
101 0.378702
102 0.402588
103 0.427090
104 0.452127
105 0.477608
106 0.503432
107 0.529493
108 0.555674
109 0.581857
110 0.607918
111 0.633731
112 0.659171
113 0.684114
114 0.708442
115 0.732042
116 0.754809
117 0.776648
118 0.797477
119 0.817225
120 1.000000
Life Table
AM92
Age x lx dx
17 10000 6
18 9994 5.936436
19 9988.063564 5.862993312
20 9982.200571 5.809640732
21 9976.39093 5.756377567
22 9970.634552 5.703202964
23 9964.931349 5.670045938
24 9959.261303 5.646901159
25 9953.614402 5.633745752
26 9947.980657 5.640505032
27 9942.340152 5.667133886
28 9936.673018 5.703650312
29 9930.969367 5.759962233
30 9925.209405 5.855873549
31 9919.353532 5.971450826
32 9913.382081 6.116556744
33 9907.265524 6.301020873
34 9900.964503 6.534636572
35 9894.429867 6.817262178
36 9887.612604 7.158631526
37 9880.453973 7.558547289
38 9872.895426 8.026663981
39 9864.868762 8.582435823
40 9856.286326 9.235340287
41 9847.050985 9.984909699
42 9837.066076 10.86012095
43 9826.205955 11.87005679
44 9814.335898 13.02362374
45 9801.312274 14.35892248
46 9786.953352 15.87443834
47 9771.078913 17.6074842
48 9753.471429 19.58497063
49 9733.886459 21.81363955
50 9712.072819 24.35787863
51 9687.71494 27.21279127
52 9660.502149 30.44990277
53 9630.052246 34.0807549
54 9595.971492 38.15358265
55 9557.817909 42.71388823
56 9515.104021 47.8133977
57 9467.290623 53.49019202
58 9413.800431 59.79646034
 59 9354.003971 66.78758835
60 9287.216382 74.50204982
61 9212.714332 82.99734342
62 9129.716989 92.31969819
63 9037.397291 102.5202349
64 8934.877056 113.6158966
65 8821.261159 125.6412227
66 8695.619937 138.6081818
67 8557.011755 152.5201775
68 8404.491577 167.3586408
69 8237.132936 183.0785166
70 8054.05442 199.6036307
71 7854.450789 216.8299685
72 7637.620821 234.6124364
73 7403.008384 252.7683183
74 7150.240066 271.0727511
75 6879.167315 289.2414689
76 6589.925846 306.9455661
77 6282.98028 323.8122377
78 5959.168042 339.410375
79 5619.757667 353.2973053
80 5266.460362 364.9815025
81 4901.47886 373.982837
82 4527.496023 379.8252238
83 4147.670799 382.070991
84 3765.599808 380.3519398
85 3385.247868 374.4084142
86 3010.839454 364.0978043
87 2646.741649 349.4440065
88 2297.297643 330.6477525
89 1966.649891 308.0953718
90 1658.554519 282.3639311
91 1376.190588 254.2016682
92 1121.988919 224.486421
93 897.5024983 194.1782555
94 703.3242428 164.2599703
95 539.0642726 135.661993
96 403.4022796 109.1961563
97 294.2061233 85.50012412
98 208.7059992 64.99397004
99 143.7120292 47.86444101
100 95.84758816 34.07429683
101 61.77329133 23.39366897
102 38.37962236 15.45117541
103 22.92844695 9.792510409
104 13.13593654 5.939111582
105 7.196824962 3.437261176
106 3.759563786 1.892684716
107 1.86687907 0.988499399
108 0.878379671 0.488092745
109 0.390286925 0.22709118
110 0.163195746 0.099209631
111 0.063986114 0.040549984
112 0.02343613 0.015448417
113 0.007987713 0.005464506
114 0.002523207 0.001787546
115 0.000735661 0.000538535
116 0.000197126 0.000148793
117 4.833359E-05 3.753818E-05
118 1.07954E-05 8.609086E-06
119 2.186318E-06 1.786713E-06
120 3.996042E-07 3.996042E-07
QBase
Sum Assured calculated is £ 30,000

Actual Investment
Actual Expenses
Returns

Renewal Expenses Actual Investment

Initial Expenses (payable from second Claims Expenses Return achieved in
year of policy onwards) calender year

2000 44.00 2000 9.88 Zero in all years 2000

2001 9.88 2001
2002 11.59 2002
2003 12.54 2003
2004 13.28 2004
2005 15.36 2005
2006 15.36 2006
2007 15.36 2007
2008 15.49 2008
2009 15.80 2009
2010 16.11 2010
2011 16.43 2011
2012 16.76 2012
2013 17.10 2013
2014 17.44 2014
2015 17.79 2015
2016 18.14 2016
2017 18.51 2017
2018 18.88 2018
2019 19.26 2019
Actual Investment
Actual Mortality Table
Returns

Actual Investment
Return achieved in Age qx
calender year

19.63% 0 0.000730
-1.86% 1 0.000680
-7.44% 2 0.000630
-12.19% 3 0.000580
11.30% 4 0.000530
9.06% 5 0.000490
16.70% 6 0.000450
10.45% 7 0.000420
5.64% 8 0.000400
-13.77% 9 0.000380
14.68% 10 0.000370
13.48% 11 0.000370
5.73% 12 0.000370
8.95% 13 0.000400
9.87% 14 0.000470
10.09% 15 0.000610
2.89% 16 0.000810
11.38% 17 0.001055
5.16% 18 0.000997
-4.51% 19 0.000941
20 0.000889
21 0.000841
22 0.000797
23 0.000758
24 0.000724
25 0.000695
26 0.000672
27 0.000656
28 0.000647
29 0.000646
30 0.000654
31 0.000671
32 0.000699
33 0.000738
34 0.000790
35 0.000856
36 0.000937
37 0.001034
38 0.001150
39 0.001285
40 0.001443
41 0.001624
42 0.001831
43 0.002068
44 0.002335
45 0.002637
46 0.002977
47 0.003358
48 0.003784
49 0.004259
50 0.004789
51 0.005377
52 0.006031
53 0.006755
54 0.007556
55 0.008441
56 0.009419
57 0.010497
58 0.011686
59 0.012994
60 0.014432
61 0.016014
62 0.017750
63 0.019655
64 0.021743
65 0.024031
66 0.026536
67 0.029275
68 0.032269
69 0.035538
70 0.039106
71 0.042995
72 0.047231
73 0.051840
74 0.056850
75 0.062290
76 0.068191
77 0.074583
78 0.081498
79 0.088969
80 0.097029
81 0.105710
82 0.115044
83 0.125064
84 0.135798
85 0.147274
86 0.159518
87 0.172549
88 0.186385
89 0.201038
90 0.216513
91 0.232811
92 0.249922
93 0.267830
94 0.286511
95 0.305930
96 0.326046
97 0.346804
98 0.368145
99 0.389999
100 0.412288
SA 300000
n 30
investment 100000
i 4% v 0.961538 i(12) -4.504835

time cashflow df PV
0 -100000 1 -100000
1 18000 0.961538 17307.69
2 25000 0.924556 23113.91
3 5000 -91.41907 -457095
4 0 0.854804 0
5 41500 0.821927 34109.97
6 0 0.790315 0
7 0 0.759918 0
8 20500 0.73069 14979.15
9 0 0.702587 0
10 50000 0.675564 33778.21
TPV -433806
AM92
Age x lx dx
17 10,000.0000 6.0000
18 9,994.0000 5.9364
19 9,988.0636 5.8630
20 9,982.2006 5.8096
21 9,976.3909 5.7564
22 9,970.6346 5.7032
23 9,964.9313 5.6700
24 9,959.2613 5.6469
25 9,953.6144 5.6337
26 9,947.9807 5.6405
27 9,942.3402 5.6671 (a) 0.98412
28 9,936.6730 5.7037 (b) 0.18438
29 9,930.9694 5.7600 (c) 0.02597
30 9,925.2094 5.8559 (d) 0.01034
31 9,919.3535 5.9715
32 9,913.3821 6.1166
33 9,907.2655 6.3010
34 9,900.9645 6.5346
35 9,894.4299 6.8173
36 9,887.6126 7.1586
37 9,880.4540 7.5585
38 9,872.8954 8.0267
39 9,864.8688 8.5824
40 9,856.2863 9.2353
41 9,847.0510 9.9849
42 9,837.0661 10.8601
43 9,826.2060 11.8701
44 9,814.3359 13.0236
45 9,801.3123 14.3589
46 9,786.9534 15.8744
47 9,771.0789 17.6075
48 9,753.4714 19.5850
49 9,733.8865 21.8136
50 9,712.0728 24.3579
51 9,687.7149 27.2128
52 9,660.5021 30.4499
53 9,630.0522 34.0808
54 9,595.9715 38.1536
55 9,557.8179 42.7139
56 9,515.1040 47.8134
57 9,467.2906 53.4902
58 9,413.8004 59.7965
59 9,354.0040 66.7876
 60 9,287.2164 74.5020
61 9,212.7143 82.9973
62 9,129.7170 92.3197
63 9,037.3973 102.5202
64 8,934.8771 113.6159
65 8,821.2612 125.6412
66 8,695.6199 138.6082
67 8,557.0118 152.5202
68 8,404.4916 167.3586
69 8,237.1329 183.0785
70 8,054.0544 199.6036
71 7,854.4508 216.8300
72 7,637.6208 234.6124
73 7,403.0084 252.7683
74 7,150.2401 271.0728
75 6,879.1673 289.2415
76 6,589.9258 306.9456
77 6,282.9803 323.8122
78 5,959.1680 339.4104
79 5,619.7577 353.2973
80 5,266.4604 364.9815
81 4,901.4789 373.9828
82 4,527.4960 379.8252
83 4,147.6708 382.0710
84 3,765.5998 380.3519
85 3,385.2479 374.4084
86 3,010.8395 364.0978
87 2,646.7416 349.4440
88 2,297.2976 330.6478
89 1,966.6499 308.0954
90 1,658.5545 282.3639
91 1,376.1906 254.2017
92 1,121.9889 224.4864
93 897.5025 194.1783
94 703.3242 164.2600
95 539.0643 135.6620
96 403.4023 109.1962
97 294.2061 85.5001
98 208.7060 64.9940
99 143.7120 47.8644
100 95.8476 34.0743
101 61.7733 23.3937
102 38.3796 15.4512
103 22.9284 9.7925
104 13.1359 5.9391
105 7.1968 3.4373
106 3.7596 1.8927
107 1.8669 0.9885
108 0.8784 0.4881
109 0.3903 0.2271
110 0.1632 0.0992
111 0.0640 0.0405
112 0.0234 0.0154
113 0.0080 0.0055
114 0.0025 0.0018
115 0.0007 0.0005
116 0.0002 0.0001
117 0.0000 0.0000
118 0.0000 0.0000
119 0.0000 0.0000
120 0.0000 0.0000