Use the table below to calculate the minimum premium an insurance company should charge for a $15 million three-year term life insurance contract issued to a woman aged 50 . 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 8% per annum (with semannual compounding). Here is a printout of the mortality table: Use the table below to calculate the minimum premium an insurance company should charge for a $15 million three-year term life insurance contract issued to a woman aged 50 . 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 8% per annum (with semannual compounding). Here is a printout of the mortality table