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Question 6 (1 point) A fully continuous whole life policy of $1000 is issued to (70) who is now 80 years old. Mortality follows a
Question 6 (1 point) A fully continuous whole life policy of $1000 is issued to (70) who is now 80 years old. Mortality follows a constant force model with = 0.03. The force of interest is 0.06 Calculate the probability that the 10th benefit reserve plus future premiums including interest is enough to cover the future benefit payments. a) 0.6005 b) 0.5827 c) 0.5774 d) 0.5750 e) 0.5655 Question 6 (1 point) A fully continuous whole life policy of $1000 is issued to (70) who is now 80 years old. Mortality follows a constant force model with = 0.03. The force of interest is 0.06 Calculate the probability that the 10th benefit reserve plus future premiums including interest is enough to cover the future benefit payments. a) 0.6005 b) 0.5827 c) 0.5774 d) 0.5750 e) 0.5655
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