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(80) purchases a whole life insurance policy of 100,000 payable at the end of the year of death. You are given: I. The policy is

(80) purchases a whole life insurance policy of 100,000 payable at the end of the year of death. You are given:

I. The policy is priced with a select period of one year.

II The select mortality rate equals 80% of the mortality rate from the Standard Ultimate Life Table.

III Ultimate mortality follows the Standard Ultimate Life Table. i=0.05 Calculate the actuarial present value of the death benefits for this insurance.

A.58,950

B.59,050

C.59,150

D.59,250

E.59,350

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