need help thank you

Today is 1 January 2020. Jay is 40 years old. Jay is considering paying single premium to purchase a twoeyear term life insurance with disability cover. This product pays $100,000 at the end ofthe year of death and pays $20,000 at the end of a year it the policy holder is permanently disabled in that year (with a maximum of two payments). Policyholder can only be regarded as healthy, disabled or dead for each year. I Currently, Jay is healthy. His probability of surviving [being healthy) during each year is 0.995 given that he is healthy. I Probability of becoming disabled during each year is 0.004 given that Jay is healthy. I Probability of dying during each year is 0.001 given that Jay is healthy. I Probability of dying during each year is 0.15 given that Jay is disabled. I Probability of remaining in the disabled state during each year is 10.1 5 = 0.85 given that Jay is disabled (i.e.I disability is assumed to be irreversible). The life insurance company incurs initial expenses of $200 per policy at the beginning of the term of the insurance. The life insurance company incurs claim costs of $120 when a death or disability payment is made (at the end of the year in which death or disability occurs). The interest rate isj1 = 3.5% p.a. The insurance company wants the policy to earn a prot of 15% of premium at the beginning of 2022. a} Calculate Jay's probabilities of being in the disabled state at the beginning of 2022. Select one: Q a. 0.00569 O b. 0.004 O C. 0.001 O d. 0.00738