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10. A special deferred insurance is offered on a life age 50 with the death benefit paid at the end of the year. 500 is
10. A special deferred insurance is offered on a life age 50 with the death benefit paid at the end of the year. 500 is paid if death occurs between ages 60 and 70 1000 is paid if death occurs after age 70 The premium is paid up front at age 45, and is returned in full if the insured dies during the deferral period. Mortality follows the Standard Ultimate Life Table with i = 0.05 Calculate the actuarial present value of the special deferred insurance. 10. A special deferred insurance is offered on a life age 50 with the death benefit paid at the end of the year. 500 is paid if death occurs between ages 60 and 70 1000 is paid if death occurs after age 70 The premium is paid up front at age 45, and is returned in full if the insured dies during the deferral period. Mortality follows the Standard Ultimate Life Table with i = 0.05 Calculate the actuarial present value of the special deferred insurance
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