Question
A 2-year term insurance policy on (60) provides for death benefit of 100 payable at the end of the year of death. This is purchased
A 2-year term insurance policy on (60) provides for death benefit of 100 payable at the end of the year of death. This is purchased by a single premium. If (60) lives to age 62, the single premium is returned without interest. Given that q60=0.1, q61=0.15, and the interest is a constant 10%, find the single premium.
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
