Generate a set of YRT Life Insurance Premiums.

Assume Benefit $1,000 AGE1 Use 1958 CSO Mortality (seeTable Three for th
RI 4% 20

The premiums you compute should match those shown in TABLE ONE - ONE YEAR TERM LIFE INSURANCE PREMIU

Generate a set of N YEAR TERM Life Insurance Premiums.

Assume Benefit $1,000 AGE1 = 20 N = AGE2 = AGE3 = for N = 20, 21, 22, . . .
RI 4%

The premiums you compute should match those shown in TABLE TWO - N YEAR TERM LIFE INSURANCE PREMIUMS

The Whole Life Insurance Contract has been done for you. See the sheet labeled Table Three.

Given the data in Tables ONE and THREE, compute the Traditional Net Cost Index [ TNCI (n) ], the Interest Adjusted
and the Theoretical Index [ TI (n) ]. See Equations (1), (2), and (3).

The Index numbers [ TNCI (n) ] and [ IASCI (n) ] and the [ TI (n) ] you compute should match the index number
ality (seeTable Three for the NL / ND data).

E INSURANCE PREMIUMS.

= for N = 20, 21, 22, . . ., 96, 97, 98, 99.

NSURANCE PREMIUMS.

ed Table Three.

], the Interest Adjusted Surrender Cost Index [ IASCI (n) ],

match the index numbers in Tables FIVE, SIX, and SEVEN.

 1 9,929,200 17,475
2 9,911,725 15,066
3 9,896,659 14,449 The computations below generate the values for TABLE THREE - WH
4 9,882,210 13,835
5 9,868,375 13,322
6 9,855,053 12,812
7 9,842,241 12,401
8 9,829,840 12,091
9 9,817,749 11,879
10 9,805,870 11,865
11 9,794,005 12,047
12 9,781,958 12,325
13 9,769,633 12,896
14 9,756,737 13,562
15 9,743,175 14,225 Goal Seeked
16 9,728,950 14,983
17 9,713,967 15,737 $7.60
18 9,698,230 16,390

Beginning Premium
19 9,681,840 16,846 Age
Reserve Income

20 9,664,994 17,300 20 $0 $73,457,387

21 9,647,694 17,655 21 $59,095,682 $73,325,901
22 9,630,039 17,912 22 $120,063,447 $73,191,717
23 9,612,127 18,167 23 $183,073,370 $73,055,579
24 9,593,960 18,324 24 $248,207,107 $72,917,503
25 9,575,636 18,481 25 $315,645,594 $72,778,234
26 9,557,155 18,732 26 $385,479,782 $72,637,772
27 9,538,423 18,981 27 $457,710,257 $72,495,402
28 9,519,442 19,324 28 $532,432,885 $72,351,140
29 9,500,118 19,760 29 $609,651,386 $72,204,271
30 9,480,358 20,193 30 $689,369,884 $72,054,088
31 9,460,165 20,718 31 $771,687,930 $71,900,614
32 9,439,447 21,239 32 $856,614,086 $71,743,150
33 9,418,208 21,850 33 $944,252,525 $71,581,726
34 9,396,358 22,551 34 $1,034,617,621 $71,415,658
35 9,373,807 23,528 35 $1,127,723,610 $71,244,262
36 9,350,279 24,685 36 $1,223,398,587 $71,065,441
37 9,325,594 26,112 37 $1,321,557,590 $70,877,826
38 9,299,482 27,991 38 $1,422,020,833 $70,679,366
39 9,271,491 30,132 39 $1,524,417,207 $70,466,624
40 9,241,359 32,622 40 $1,628,547,184 $70,237,611
41 9,208,737 35,362 41 $1,734,114,187 $69,989,672
42 9,173,375 38,253 42 $1,840,906,013 $69,720,908
43 9,135,122 41,382 43 $1,948,798,997 $69,430,172
44 9,093,740 44,741 44 $2,057,576,336 $69,115,654
45 9,048,999 48,412 45 $2,167,018,669 $68,775,606
46 9,000,587 52,473 46 $2,276,814,046 $68,407,658
47 8,948,114 56,910 47 $2,386,557,572 $68,008,844
48 8,891,204 61,794 48 $2,495,839,073 $67,576,308
49 8,829,410 67,104 49 $2,604,157,997 $67,106,652
50 8,762,306 72,902 50 $2,711,011,235 $66,596,638
51 8,689,404 79,160 51 $2,815,810,187 $66,042,557
52 8,610,244 85,758 52 $2,917,966,853 $65,440,912
53 8,524,486 92,832 53 $3,016,986,076 $64,789,121
54 8,431,654 100,337 54 $3,112,214,205 $64,083,565
55 8,331,317 108,307 55 $3,203,012,681 $63,320,968
56 8,223,010 116,849 56 $3,288,679,995 $62,497,796
57 8,106,161 125,970 57 $3,368,375,903 $61,609,703
58 7,980,191 135,663 58 $3,441,215,030 $60,652,286
59 7,844,528 145,830 59 $3,506,279,009 $59,621,199
60 7,698,698 156,592 60 $3,562,706,216 $58,512,839
61 7,542,106 167,736 61 $3,609,475,817 $57,322,684
62 7,374,370 179,271 62 $3,645,734,441 $56,047,831
63 7,195,099 191,174 63 $3,670,582,563 $54,685,308
64 7,003,925 203,394 64 $3,683,104,586 $53,232,317
65 6,800,531 215,917 65 $3,682,396,380 $51,686,451
66 6,584,614 228,749 66 $3,667,529,144 $50,045,405
67 6,355,865 241,777 67 $3,637,528,531 $48,306,831
68 6,114,088 254,835 68 $3,591,491,776 $46,469,240
69 5,859,253 267,241 69 $3,528,644,457 $44,532,404
70 5,592,012 278,426 70 $3,448,862,935 $42,501,277
71 5,313,586 287,731 71 $3,352,592,781 $40,385,141
72 5,025,855 294,766 72 $3,240,966,039 $38,198,283
73 4,731,089 299,289 73 $3,115,564,895 $35,957,957
74 4,431,800 301,894 74 $2,978,294,765 $33,683,254
75 4,129,906 303,011 75 $2,830,563,140 $31,388,752
76 3,826,895 303,014 76 $2,673,418,968 $29,085,761
77 3,523,881 301,997 77 $2,507,590,919 $26,782,747
78 3,221,884 299,829 78 $2,333,751,612 $24,487,463
79 2,922,055 295,683 79 $2,152,739,638 $22,208,656
80 2,626,372 288,848 80 $1,966,263,226 $19,961,360
 81 2,337,524 278,983 81 $1,776,825,569 $17,766,013
82 2,058,541 265,902 82 $1,587,392,245 $15,645,643
83 1,792,639 249,858 83 $1,401,257,403 $13,624,693
84 1,542,781 231,433 84 $1,221,619,380 $11,725,684
85 1,311,348 211,311 85 $1,051,245,866 $9,966,711
86 1,100,037 190,108 86 $892,350,080 $8,360,672
87 909,929 168,455 87 $746,631,182 $6,915,784
88 741,474 146,997 88 $615,233,844 $5,635,466
89 594,477 126,303 89 $498,707,082 $4,518,236
90 468,174 106,809 90 $397,051,331 $3,558,289
91 361,365 88,813 91 $309,825,004 $2,746,502
92 272,552 72,480 92 $236,261,367 $2,071,492
93 200,072 57,881 93 $175,386,173 $1,520,618
94 142,191 45,026 94 $126,102,063 $1,080,702
95 97,165 34,128 95 $87,244,076 $738,489
96 63,037 25,250 96 $57,373,867 $479,104
97 37,787 18,456 97 $34,917,089 $287,195
98 19,331 12,916 98 $18,156,455 $146,922
99 6,415 6,415 99 $6,119,513 $48,756

Age 0 NLNL(AGE) ND(AGE)

10,000,000 70,800

1958 CSO Mortality Table

ate the values for TABLE THREE - WHOLE LIFE INSURSURANCE CASH VALUES

4% $1,000

Cash
Interest Claims Ending
Surrender
Income Expense Reserve
Value
$2,938,295 $17,300,000 $59,095,682 $6.13
$5,296,863 $17,655,000 $120,063,447 $12.47
$7,730,207 $17,912,000 $183,073,370 $19.05
$10,245,158 $18,167,000 $248,207,107 $25.87
$12,844,984 $18,324,000 $315,645,594 $32.96
$15,536,953 $18,481,000 $385,479,782 $40.33
$18,324,702 $18,732,000 $457,710,257 $47.99
$21,208,226 $18,981,000 $532,432,885 $55.93
$24,191,361 $19,324,000 $609,651,386 $64.17
$27,274,226 $19,760,000 $689,369,884 $72.72
$30,456,959 $20,193,000 $771,687,930 $81.57
$33,743,542 $20,718,000 $856,614,086 $90.75
$37,134,289 $21,239,000 $944,252,525 $100.26
$40,633,370 $21,850,000 $1,034,617,621 $110.11
$44,241,331 $22,551,000 $1,127,723,610 $120.31
$47,958,715 $23,528,000 $1,223,398,587 $130.84
$51,778,561 $24,685,000 $1,321,557,590 $141.71
$55,697,417 $26,112,000 $1,422,020,833 $152.91
$59,708,008 $27,991,000 $1,524,417,207 $164.42
$63,795,353 $30,132,000 $1,628,547,184 $176.22
 $67,951,392 $32,622,000 $1,734,114,187 $188.31
$72,164,154 $35,362,000 $1,840,906,013 $200.68
$76,425,077 $38,253,000 $1,948,798,997 $213.33
$80,729,167 $41,382,000 $2,057,576,336 $226.26
$85,067,680 $44,741,000 $2,167,018,669 $239.48
$89,431,771 $48,412,000 $2,276,814,046 $252.96
$93,808,868 $52,473,000 $2,386,557,572 $266.71
$98,182,657 $56,910,000 $2,495,839,073 $280.71
$102,536,615 $61,794,000 $2,604,157,997 $294.94
$106,850,586 $67,104,000 $2,711,011,235 $309.39
$111,104,315 $72,902,000 $2,815,810,187 $324.05
$115,274,110 $79,160,000 $2,917,966,853 $338.89
$119,336,311 $85,758,000 $3,016,986,076 $353.92
$123,271,008 $92,832,000 $3,112,214,205 $369.11
$127,051,911 $100,337,000 $3,203,012,681 $384.45
$130,653,346 $108,307,000 $3,288,679,995 $399.94
$134,047,112 $116,849,000 $3,368,375,903 $415.53
$137,199,424 $125,970,000 $3,441,215,030 $431.22
$140,074,693 $135,663,000 $3,506,279,009 $446.97
$142,636,008 $145,830,000 $3,562,706,216 $462.77
$144,848,762 $156,592,000 $3,609,475,817 $478.58
$146,671,940 $167,736,000 $3,645,734,441 $494.38
$148,071,291 $179,271,000 $3,670,582,563 $510.15
$149,010,715 $191,174,000 $3,683,104,586 $525.86
$149,453,476 $203,394,000 $3,682,396,380 $541.49
$149,363,313 $215,917,000 $3,667,529,144 $556.98
$148,702,982 $228,749,000 $3,637,528,531 $572.31
$147,433,414 $241,777,000 $3,591,491,776 $587.41
$145,518,441 $254,835,000 $3,528,644,457 $602.23
$142,927,074 $267,241,000 $3,448,862,935 $616.75
$139,654,569 $278,426,000 $3,352,592,781 $630.95
$135,719,117 $287,731,000 $3,240,966,039 $644.86
$131,166,573 $294,766,000 $3,115,564,895 $658.53
$126,060,914 $299,289,000 $2,978,294,765 $672.03
$120,479,121 $301,894,000 $2,830,563,140 $685.38
$114,478,076 $303,011,000 $2,673,418,968 $698.59
$108,100,189 $303,014,000 $2,507,590,919 $711.60
$101,374,947 $301,997,000 $2,333,751,612 $724.34
$94,329,563 $299,829,000 $2,152,739,638 $736.72
$86,997,932 $295,683,000 $1,966,263,226 $748.66
$79,448,983 $288,848,000 $1,776,825,569 $760.13
$71,783,663 $278,983,000 $1,587,392,245 $771.12
$64,121,515 $265,902,000 $1,401,257,403 $781.67
$56,595,284 $249,858,000 $1,221,619,380 $791.83
$49,333,803 $231,433,000 $1,051,245,866 $801.65
$42,448,503 $211,311,000 $892,350,080 $811.20
$36,028,430 $190,108,000 $746,631,182 $820.54
$30,141,879 $168,455,000 $615,233,844 $829.74
$24,834,772 $146,997,000 $498,707,082 $838.90
$20,129,013 $126,303,000 $397,051,331 $848.08
$16,024,385 $106,809,000 $309,825,004 $857.37
$12,502,860 $88,813,000 $236,261,367 $866.85
$9,533,314 $72,480,000 $175,386,173 $876.62
$7,076,272 $57,881,000 $126,102,063 $886.85
$5,087,311 $45,026,000 $87,244,076 $897.90
$3,519,303 $34,128,000 $57,373,867 $910.16
$2,314,119 $25,250,000 $34,917,089 $924.05
$1,408,171 $18,456,000 $18,156,455 $939.24
$732,135 $12,916,000 $6,119,513 $953.94
$246,731 $6,415,000 $0 undefined
 The 1958 Insurance Commissioner's Standard Ordinary Mortality Table
[Male Lives]
lx dx qx
0 10,000,000 70,800 0.0070800
1 9,929,200 17,475 0.0017600
2 9,911,725 15,066 0.0015200
3 9,896,659 14,449 0.0014600
4 9,882,210 13,835 0.0014000
5 9,868,375 13,322 0.0013500
6 9,855,053 12,812 0.0013000
7 9,842,241 12,401 0.0012600
8 9,829,840 12,091 0.0012300
9 9,817,749 11,879 0.0012100
10 9,805,870 11,865 0.0012100
11 9,794,005 12,047 0.0012300
12 9,781,958 12,325 0.0012600
13 9,769,633 12,896 0.0013200
14 9,756,737 13,562 0.0013900
15 9,743,175 14,225 0.0014600
16 9,728,950 14,983 0.0015400
17 9,713,967 15,737 0.0016200
18 9,698,230 16,390 0.0016900
19 9,681,840 16,846 0.0017400
20 9,664,994 17,300 0.0017900
21 9,647,694 17,655 0.0018300
22 9,630,039 17,912 0.0018600
23 9,612,127 18,167 0.0018900
24 9,593,960 18,324 0.0019100
25 9,575,636 18,481 0.0019300
26 9,557,155 18,732 0.0019600
27 9,538,423 18,981 0.0019900
28 9,519,442 19,324 0.0020300
29 9,500,118 19,760 0.0020800
30 9,480,358 20,193 0.0021300
31 9,460,165 20,718 0.0021900
32 9,439,447 21,239 0.0022500
33 9,418,208 21,850 0.0023200
34 9,396,358 22,551 0.0024000
35 9,373,807 23,528 0.0025100
36 9,350,279 24,685 0.0026400
37 9,325,594 26,112 0.0028000
38 9,299,482 27,991 0.0030100
39 9,271,491 30,132 0.0032500
40 9,241,359 32,622 0.0035300
41 9,208,737 35,362 0.0038400
42 9,173,375 38,253 0.0041700
43 9,135,122 41,382 0.0045300
44 9,093,740 44,741 0.0049200
45 9,048,999 48,412 0.0053500
46 9,000,587 52,473 0.0058300
47 8,948,114 56,910 0.0063600
48 8,891,204 61,794 0.0069500
49 8,829,410 67,104 0.0076001
50 8,762,306 72,902 0.0083200
51 8,689,404 79,160 0.0091099
52 8,610,244 85,758 0.0099600
53 8,524,486 92,832 0.0108900
54 8,431,654 100,337 0.0119000
55 8,331,317 108,307 0.0130000
56 8,223,010 116,849 0.0142100
57 8,106,161 125,970 0.0155400
58 7,980,191 135,663 0.0170000
59 7,844,528 145,830 0.0185900
60 7,698,698 156,592 0.0203401
61 7,542,106 167,736 0.0222399
62 7,374,370 179,271 0.0243100
63 7,195,099 191,174 0.0265700
64 7,003,925 203,394 0.0290400
65 6,800,531 215,917 0.0317500
66 6,584,614 228,749 0.0347399
67 6,355,865 241,777 0.0380400
68 6,114,088 254,835 0.0416800
69 5,859,253 267,241 0.0456101
70 5,592,012 278,426 0.0497900
71 5,313,586 287,731 0.0541501
72 5,025,855 294,766 0.0586499
73 4,731,089 299,289 0.0632601
74 4,431,800 301,894 0.0681200
75 4,129,906 303,011 0.0733700
76 3,826,895 303,014 0.0791801
77 3,523,881 301,997 0.0857001
78 3,221,884 299,829 0.0930601
 79 2,922,055 295,683 0.1011901
80 2,626,372 288,848 0.1099799
81 2,337,524 278,983 0.1193498
82 2,058,541 265,902 0.1291701
83 1,792,639 249,858 0.1393800
84 1,542,781 231,433 0.1500103
85 1,311,348 211,311 0.1611403
86 1,100,037 190,108 0.1728196
87 909,929 168,455 0.1851298
88 741,474 146,997 0.1982497
89 594,477 126,303 0.2124607
90 468,174 106,809 0.2281395
91 361,365 88,813 0.2457709
92 272,552 72,480 0.2659309
93 200,072 57,881 0.2893009
94 142,191 45,026 0.3166586
95 97,165 34,128 0.3512376
96 63,037 25,250 0.4005584
97 37,787 18,456 0.4884219
98 19,331 12,916 0.6681496
99 6,415 6,415 1.0000000

Age 0 NLNL(AGE) ND(AGE)

10,000,000 70,800