An insurance company is setting up a fund for 400 customers all age 30 that purchase a 20- year deferred whole-life insurance policy that pays $10,000 at the end of the year of death. Mortality and interest follow the illustrative life table and lives are independent. Using the normal approximation, calculate the single contract premium for each person where there is a 90% probability that the total premium will be able to cover all of the losses. a) 768 Ob) 1032 c) 526 d) 258 e) 381 An insurance company is setting up a fund for 400 customers all age 30 that purchase a 20- year deferred whole-life insurance policy that pays $10,000 at the end of the year of death. Mortality and interest follow the illustrative life table and lives are independent. Using the normal approximation, calculate the single contract premium for each person where there is a 90% probability that the total premium will be able to cover all of the losses. a) 768 Ob) 1032 c) 526 d) 258 e) 381