Use Table 3.1 in Figure 1 to calculate the minimum premium an insurance company should charge for a $5 million three-year term life insurance contract issued to a man aged 30 . Assume that the premium is paid at the beginning of each year and death always takes place halfway through a year. The risk-free interest rate is 6% per annum (with semiannual compounding). Use Table 3.1 in Figure 1 to calculate the minimum premium an insurance company should charge for a $5 million three-year term life insurance contract issued to a man aged 30 . Assume that the premium is paid at the beginning of each year and death always takes place halfway through a year. The risk-free interest rate is 6% per annum (with semiannual compounding)