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Question 2 (3 points) Continuous endowment insurance for a term of 27 years pays $200,000 at the time of death or 27 years from now,
Question 2 (3 points) Continuous endowment insurance for a term of 27 years pays $200,000 at the time of death or 27 years from now, whichever comes first. The force of mortality is a constant 1%. The insurance is paid for by a cqptinuously paid premium up until the time of the benefit payment. If Thiele's differential equation is satisfied by a policy value given by 270,000e-05(27-6) 70,000 for some constant continuous interest rate (that you will have to determine), what is the continuous annual premium? Your Answer: Answer Question 2 (3 points) Continuous endowment insurance for a term of 27 years pays $200,000 at the time of death or 27 years from now, whichever comes first. The force of mortality is a constant 1%. The insurance is paid for by a cqptinuously paid premium up until the time of the benefit payment. If Thiele's differential equation is satisfied by a policy value given by 270,000e-05(27-6) 70,000 for some constant continuous interest rate (that you will have to determine), what is the continuous annual premium? Your
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