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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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