For a special fully discrete 20-payment, 30 year-term life insurance on 45, you are given:...
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For a special fully discrete 20-payment, 30 year-term life insurance on 45, you are given: (i) The death benefit of 10,000 is payable at the end of the year of death. (ii) The net premium for this insurance is equal to 10.00P, for the first 10 years followed by an increased level annual premium w for the remaining 10 years. - (iii) Mortality follows the LTAM Table. (iv) i=0.05 (vi) 10,000P_ 22.37 (vii) 35:20 = 12.677 Calculate . 15:30 Select one: 0 a. at least 45 b. at least 32 but less than 36 an LO c. at least 30 but less than 40 d. Less than 32 e. at least 40 but less than 45 For a special fully discrete 20-payment, 30 year-term life insurance on 45, you are given: (i) The death benefit of 10,000 is payable at the end of the year of death. (ii) The net premium for this insurance is equal to 10.00P, for the first 10 years followed by an increased level annual premium w for the remaining 10 years. - (iii) Mortality follows the LTAM Table. (iv) i=0.05 (vi) 10,000P_ 22.37 (vii) 35:20 = 12.677 Calculate . 15:30 Select one: 0 a. at least 45 b. at least 32 but less than 36 an LO c. at least 30 but less than 40 d. Less than 32 e. at least 40 but less than 45
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