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For a fully continuous 20-year deferred whole life insurance of 1000 on (40), you are given: (i) Mortality is uniformly distributed with w =

For a fully continuous 20-year deferred whole life insurance of 1000 on (40), you are given: (i) Mortality is uniformly distr

For a fully continuous 20-year deferred whole life insurance of 1000 on (40), you are given: (i) Mortality is uniformly distributed with w = 120. (ii) 8 = 0.05 (iii) Premiums are payable for 30 years. (iv) oL is the random variable for the future loss at issue. Calculate the premium for which Pr(oL > 0) = 0.2. (A) 7.50 (B) 9.90 (C) 10.64 (D) 12.99 (E) 13.07

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