Contingent and reversionary Benefits

Question 1

n q x^1y

Answer 1

probability that (x) dies within n years, and (y) dies (any time) after (x).

Question 2

n q x^2y

Answer 2

probability that (x) dies within n years, and (y) dies before (x)

Question 3

contingent assurances

Answer 3

• these are payable on the death of one life, contingent upon another life being in a specified state (alive or dead)

Question 4

reversionary annuities

Answer 4

• these are payable to one life following the death of another life.