1.5. A whole life insurance is issued to a life aged 40, with a death benefit of...

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1.5. A whole life insurance is issued to a life aged 40, with a death benefit of $3000, payable at the moment of death. Based on a 6% annual rate of interest, determine the annual premium if it is paid

a) yearly in advance

b) continuously for the whole term of the insurance.

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An Introduction To Actuarial Mathematics

ISBN: 978-9048159499

1st Edition

Authors: Arjun K. Gupta ,Tamas Varga

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Question Posted: Nov 01, 2024 07:01 AM

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1.5. A whole life insurance is issued to a life aged 40, with a death benefit of...

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An Introduction To Actuarial Mathematics

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