URGENT WILL UP VOTE IF DONE CORRECTLY!!! THANK YOU!

Assume you are assisting an actuary in determining life insurance premiums. Use the information in the tables below to answer the questions. Show all workings. Required: a) Calculate the net single premium for a five-year term insurance policy in the amount of $1000 issued to a male at age 22 . The interest rate is 2.3%. b) Compute the net level premium for the scenario in part (a). The interest rate is 2.3%. c) Identify and describe the reasons why an insured would decide to purchase term life insurance rather than a whole life policy. Assume you are assisting an actuary in determining life insurance premiums. Use the information in the tables below to answer the questions. Show all workings. Required: a) Calculate the net single premium for a five-year term insurance policy in the amount of $1000 issued to a male at age 22 . The interest rate is 2.3%. b) Compute the net level premium for the scenario in part (a). The interest rate is 2.3%. c) Identify and describe the reasons why an insured would decide to purchase term life insurance rather than a whole life policy