An insurance policy issued to (50) pays 2 if death occurs before age 65 and the insurance pays 1 if death occurs after age 65. Death benefits are paid at the end of the year of death. Find the APV of the benefit.

An insurance policy issued to (50) pays 2 if death occurs before age 65 and the insurance pays 1 if death occurs after age 65. Death benefits are paid at the end of the year of death. Find the APV of the benefit