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Age of Males Probability of Dying Number of People Number of Deaths 70 0.03951 627,416 24,789 71 0.04330 602,627 26,094 72 0.04765 576,533 27,472 73

Age of

Males

Probability

of Dying

Number of

People

Number of

Deaths

70

0.03951

627,416

24,789

71

0.04330

602,627

26,094

72

0.04765

576,533

27,472

73

0.05670

549,061

31,295

74

0.06239

517,766

32,301

John, a 70 year-old male has just purchased a $10,000 two-year term policy. Assume that annual interest rate is 10%. Ignoring non-claim expenses what is his premium?

$702.89

$717.03

$810.99

$828.10

None of the above

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