George and Sarah purchase 100,000 of whole life insurance. Assuming ^^ 05 for George, iiy
Question:
George and Sarah purchase 100,000 of whole life insurance.
Assuming ^^ — 05 for George, iiy — .04 for Sarah, and 6 = .08, find the net single premium for this insurance in each of the following cases.
(a) The insurance is payable at the time of the first death.
(b) The insurance is payable at the time of the second death.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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