Q1. (4 points) Wonderful Insurance Company is developing a new disability insurance product and is considering one of the following two select and ultimate mortality frameworks: (Approach 1) Extract from table (commonly used in the industry): the LTAM Standard Ultimate Life table (SULT), for an individual aged x up] +r = M??? + 0-01, t > 0 (Approach 2) Formulaic: pm + k = 0.75 px + k, where Tx~Generalized de Moivre(w = 120, a: = 0.3) for all values of x and k a) Calculate 2|2q[65] for each of the two approaches