The net single premium for a five-year term policy at age 35 is $4.87 (2001 CSO table,

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The net single premium for a five-year term policy at age 35 is $4.87 (2001 CSO table, female lives, 4 percent interest assumption). Why can we not compute the annual premium for a five-year term policy by dividing $4.87 by 5?

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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Question Posted: Jul 12, 2024 10:06 AM

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The net single premium for a five-year term policy at age 35 is $4.87 (2001 CSO table,

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Fundamentals Of Risk And Insurance

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