Find expense-augmented reserves and gross-premium reserves

Reference no: EM131001775

A two-year policy on (x) provides for death benefits of 1000 paid at the end of the year of death. Premiums of 160 are paid for 2 years. There are expenses, incurred at the beginning of each year, of 20% of the premium plus 18 in year 1, and 5 in year 2. You are given that i = 100%, q_x = 0.2, q_x+1 = 0.3. There are no withdrawals. Find the expense-augmented reserves, gross-premium reserves, and asset shares.

Reference no: EM131001775

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