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4. [7 Points] Consider a 10-year deferred 10-year term insurance issued to (x). The death benefit is equal to $1. Benefits are paid at the
4. [7 Points] Consider a 10-year deferred 10-year term insurance issued to (x). The death benefit is equal to $1. Benefits are paid at the end of the year of death. You are given the following information: 10jx:10 = 1.6754 x+10:10 = 4.9346 20Ex = 0.03113 i = 0.05 = (a) (b) [3 Points] Calculate 10Ex+10- [4 Points] Calculate the present value of this insurance contract. 4. [7 Points] Consider a 10-year deferred 10-year term insurance issued to (x). The death benefit is equal to $1. Benefits are paid at the end of the year of death. You are given the following information: 10jx:10 = 1.6754 x+10:10 = 4.9346 20Ex = 0.03113 i = 0.05 = (a) (b) [3 Points] Calculate 10Ex+10- [4 Points] Calculate the present value of this insurance contract
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