Old MathJax webview

A policy is issued at age 20 with the death benefits payable at the end of the year

a) calculate the present value of the benefit of a 5-year term insurance issued at (20)

b) with a group of 100 people aged 20, what gross premium should an insurer charge to ensure that these 5-year term insurance contracts are profitable with a probability of 95%

P.S: its a math problem of Life Insurance

Additional reference : ACTUARIAL MATHEMATICS FOR LIFE CONTINGENT RISKS ( book )

that's the full question

actually the pictures comes before a)b)

IC ba 9x oolo looo 2000 0,012 22 4000 0,014 23 6ooo Osolo 2 loooo 0,98 >25 IC ba 9x oolo looo 2000 0,012 22 4000 0,014 23 6ooo Osolo 2 loooo 0,98 >25