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6. An insured, age 45, purchases a 5-year term insurance policy. A $100,000 benefit is payable at the end of the year of death year
6. An insured, age 45, purchases a 5-year term insurance policy. A $100,000 benefit is payable at the end of the year of death year for the term of the policy. If the insured survives, the benefit reserve three years from inception will be $1,500 th premium payment). You are given the discount factor v 0.92, and: 147 = 4,800 148 = 4,700 49 4,600 Iso = 4,450 Determine the annual beneft premium for this policy
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