Question
You bought a whole life insurance policy. On December 1 of the year, you die the insurance will pay an amount of 1 (1,000,000). If
You bought a whole life insurance policy. On December 1 of the year, you die the insurance will pay an amount of 1 (1,000,000).
If you die on May 12, 2045, your family receives a payout from the insurance policy on December 31, 2045.
You buy the insurance at the beginning of the year (2020). The fair premium is . Show how to find .
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
