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For a 3-year term insurance on (x), you are given: i. The death benefit is...

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For a 3-year term insurance on (x), you are given: i. The death benefit is 1000 payable at the moment of death. ii. qx=0.05,qx+1=0.06,qx+2=0.08 iii. t=0.03 for t0 Using the claims acceleration approach, approximate the expected present value of insurance benefit. For a 3-year term insurance on (x), you are given: i. The death benefit is 1000 payable at the moment of death. ii. qx=0.05,qx+1=0.06,qx+2=0.08 iii. t=0.03 for t0 Using the claims acceleration approach, approximate the expected present value of insurance benefit

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