Lucy and Kevin’s mortgage protection
Cynthia is now a full-fledged actuary, working for an actuarial consulting company in Belgium. Her friends, Lucy and Kevin, call for help. They are about to buy an apartment, and will sign up for a 25-year mortgage to finance this apartment. Lucy and Kevin want to buy a financial product that covers the outstanding balance on the mortgage in case one of them dies before the mortgage is settled. What kind of product do they need?
This exercise is part of the course
Life Insurance Products Valuation in R
Hands-on interactive exercise
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