********* Upload the solution on an excel sheet, showing all formulas ***** A Jordanian Insurance Company is pricing a special fully discrete 3-year term insurance policy on age (70). The policy will pay a death benefit, as specified in the schedule below, "if and only if the insured dies as a result of an automobile accident. You are given: Using the equivalence principle a) calculate the net single premium payable at the inception of the policy. b) Calculate the Level annual premiums (paid in advance each year). (i = 0.06) (Non-anonymous question o) (4 Points) Benefit 70 1000 SO 10 40 5.000 71 870 94 15 60 7500 72 701 108 18 82 10.000 where a represents deaths from cancer, represents deaths from automobile Bridants and anacante desthe form all the * This a table? X (2) dx (3) ( Benefit 70 (2) 14 dx 1000 80 870 94 701 108 20 40 5,000 71 60 72 15 7,500 18 82 20,000 * Where dx represents death From cancer, dx represent death From automobile accidents, dy represent death from all other causes (3) ********* Upload the solution on an excel sheet, showing all formulas ***** A Jordanian Insurance Company is pricing a special fully discrete 3-year term insurance policy on age (70). The policy will pay a death benefit, as specified in the schedule below, "if and only if the insured dies as a result of an automobile accident. You are given: Using the equivalence principle a) calculate the net single premium payable at the inception of the policy. b) Calculate the Level annual premiums (paid in advance each year). (i = 0.06) (Non-anonymous question o) (4 Points) Benefit 70 1000 SO 10 40 5.000 71 870 94 15 60 7500 72 701 108 18 82 10.000 where a represents deaths from cancer, represents deaths from automobile Bridants and anacante desthe form all the * This a table? X (2) dx (3) ( Benefit 70 (2) 14 dx 1000 80 870 94 701 108 20 40 5,000 71 60 72 15 7,500 18 82 20,000 * Where dx represents death From cancer, dx represent death From automobile accidents, dy represent death from all other causes (3)