Question
Question 2 A male customer of 37 years old is buying a two-year term life insurance policy from your insurance company Nova Life. Premium will
Question 2
A male customer of 37 years old is buying a two-year term life insurance policy from your insurance company Nova Life. Premium will be received at beginning of each year, and claim of $120,000 would be paid in the middle of the year if ever death occurs. With an annual interest rate of 6%, and using the Nova Scotia Life Table, what minimum premium should you charge on the policy?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
