Denote the present value of a unit sum insured

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Under an endowment insurance issued to a life aged x, let X denote the present value of a unit sum insured, payable at the moment of death or at the end of the n-year term.

Under a term insurance issued to a life aged x, let Y denote the present value of a unit sum insured, payable at the moment of death within the n-year term.

Reference no: EM131557199

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