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Calculate the net single premium for a five-year term insurance policy issued to your mother age. (Mother age = 54) 2.Regarding rate making in life

Calculate the net single premium for a five-year term insurance policy issued to your mother age. (Mother age = 54)

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2.Regarding rate making in life insurance products, Assumptions: -Premiumsare paid at the beginning of the year, and death claimsare paid at the end of the year. - The interest rate is 4% - death claim is W 10,000 - Use the mortality table in the textbook. 2.Regarding rate making in life insurance products, Assumptions: -Premiumsare paid at the beginning of the year, and death claimsare paid at the end of the year. - The interest rate is 4% - death claim is W 10,000 - Use the mortality table in the textbook

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