Find the probability that this individual will die

Reference no: EM131001926

1. The UP 1994 table shows male mortality rates for age 60-62 of 0.008576, 0.009633, 0.010911, respectively and projection factors of 0.016, 0.015, 0.015, respectively. A male is age 60 in the year 2010. Using this table find the probability that he will live to age 63. Compare this with the probability that a male who was age 60 in 1994 would live to age 63.

2. A person now age 62 was sold insurance 1 year ago at the age of 61. Mortality is given by the table at the beginning of the chapter. Find the probability that this individual will die between the ages of 63 and 65.

Reference no: EM131001926

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