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2.Regarding rate making in life insurance products, Assumptions: -Premiumsare paid at the beginning of the year, and death claimsare paid at the end of the
2.Regarding rate making in life insurance products, Assumptions: -Premiumsare paid at the beginning of the year, and death claimsare paid at the end of the year. -The interest rate is 4% - death claim is W 10,000 - Use the mortality table in the textbook. 1) Calculate the premium for the yearly renewable term insurance policy issued t o your mother age. (2) 2.Regarding rate making in life insurance products, Assumptions: -Premiumsare paid at the beginning of the year, and death claimsare paid at the end of the year. -The interest rate is 4% - death claim is W 10,000 - Use the mortality table in the textbook. 1) Calculate the premium for the yearly renewable term insurance policy issued t o your mother age. (2)
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