Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies w
Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies w
Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners.
Best answer:
Answer by Shane H
I think this problem is missing something. given the dist [0,15] the insurer has an infinitessimally small chance of not paying contract. so payout is always $ 30,000
Know better? Leave your own answer in the comments!
TALKING AFLAC ADVERTISING DUCK TERM LIFE INSURANCE PLUSH STUFFED ANIMAL | US $10.99 End Date: Tuesday May-29-2012 4:12:30 PDT Buy It Now for only: US $10.99 Buy it now | Add to watch list |
Related posts:
- Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies?
- Dictionary of Insurance Terms (Barron’s Business Guides)
- Q&A: After a 10 year term life insurance expires, should the premiums double for the next 10 years?
- Q&A: Good price for 30 year term life $1 mil life insurance?
- What is the difference between a whole life and a 10 or 20 year term life insurance policy?