Q1. (4 points) Wonderful Insurance Company is developing a new disability insurance product and is considering one of the following two select and ultimate mortality frameworks: (Approach 1) Extract from table (commonly used in the industry): the LTAM Standard Ultimate Life table (SULT), for an individual aged x (Approach 2) Formulaic: SULT M[x] + t = x + = +0.01, t>0 P[x] + k = 0.75 px + k, where Tx~Generalized de Moivre (w = 120, a = 0.3) for all values of x and k a) Calculate 2129[65] for each of the two approaches.