Regarding rate making in life insurance products,MAssumptions:

-Premiums are paid at the beginning of the year, and death benefits are

paid at the end of the year.

-The interest rate is 4%

- death benefit is 10,000

-Use the mortality table in the textbook.

1) Calculate the premium for the yearly renewable term insurance policy issued toa male age 50.

2) Calculate the net single premiumfor a five-year term insurance policyissued toa male age 45.

3) Calculate the net level premiumfor a five-year term insurance policy issued to amale age 45.