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For a life age 50, mortality follows de Moivres law with = 100. This life purchases a fully continuous $100,000 10-year term insurance policy with
For a life age 50, mortality follows de Moivres law with = 100. This life purchases a fully continuous $100,000 10-year term insurance policy with level annual premiums determined by the equivalence principle. = 0.08. Calculate the benefit premium.
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