A family of three members purchase a special insurance benefit with the following characteristics: The family members are the father (x=50), the mother (y=45), and one child (z=20). A benefit of $500,000 will be paid after the death of the first member of the family, at the end of the semester of death. An additional payment of $250,000 will be paid at the end of the semester of death of the last member of the family. This insurance includes a payment of $100,000 at the end of each year, long as the three members survive. Using the Illustrative Life Table with i=0.06, estimate the actuarial present value for this insurance benefit. A family of three members purchase a special insurance benefit with the following characteristics: The family members are the father (x=50), the mother (y=45), and one child (z=20). A benefit of $500,000 will be paid after the death of the first member of the family, at the end of the semester of death. An additional payment of $250,000 will be paid at the end of the semester of death of the last member of the family. This insurance includes a payment of $100,000 at the end of each year, long as the three members survive. Using the Illustrative Life Table with i=0.06, estimate the actuarial present value for this insurance benefit