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For a 10-payment, 20-year term insurance of 100,000 on (70): (i) Death benefits are payable at the moment of death. (ii) Contract premiums of 1600
For a 10-payment, 20-year term insurance of 100,000 on (70): (i) Death benefits are payable at the moment of death. (ii) Contract premiums of 1600 are payable annually at the beginning of each year for 10 years (iii) i- 0.05 (iv) L is the loss random variable at the time of issue. (v) Mortality follows the LTAM Life Table with the assumption of uniform distribution of deaths in each year of age. Calculate the median value of L
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