a) calculatr the premium per $1000 of coverage on a one-year term policy for a 30 year old male.

b) calculate the net single premium $1000 of coverage on a three year term policy for a 30 year old male.

c) calculate the net level premium per $1000 of coverage on a three year term policy for a 30 year old male.

Paragraph Styles Suppose you are an actuarial consultant hired to determine life insurance premiums in the fictional country of Zamunda. Owing to continuing warfare, the mortality rate in the country is extremely high. For all of the following calculations use the mortality table given below, assume the relevant discount rate is 4% Mortality Table (Males) Number Dying Number Alive Deaths Age per 1000 300 28 29 30 320 3.00 3.21 3.42 3.63 340 31 360 100.000 99.700 99.380 99,040 98.680 98.300 97.900 97,480 32 33 380 400 3.85 4.07 4.29 34 420 35 440 4.51 Present Value of $1 at 4% Year Factor 1 0.9615 2 0.9246 3 0.8890 4. 0.8548 Paragraph Styles Suppose you are an actuarial consultant hired to determine life insurance premiums in the fictional country of Zamunda. Owing to continuing warfare, the mortality rate in the country is extremely high. For all of the following calculations use the mortality table given below, assume the relevant discount rate is 4% Mortality Table (Males) Number Dying Number Alive Deaths Age per 1000 300 28 29 30 320 3.00 3.21 3.42 3.63 340 31 360 100.000 99.700 99.380 99,040 98.680 98.300 97.900 97,480 32 33 380 400 3.85 4.07 4.29 34 420 35 440 4.51 Present Value of $1 at 4% Year Factor 1 0.9615 2 0.9246 3 0.8890 4. 0.8548