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3. An insurer issues a whole life insurance to (50), with a death benefit of $100 payable immediately on death. You are given: 8= 0.08

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3. An insurer issues a whole life insurance to (50), with a death benefit of $100 payable immediately on death. You are given: 8= 0.08 and the force of mortality 0.005, 0 20. Calculate the expected present value of the death benefit for this policy. 4. You are given P60 = 0.997, i = 0.06, P61 = 0.995, A60 = 0.31. Determine A62. = = 2

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