You are given the following information about a one-year term insurance policy with a face amount =

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You are given the following information about a one-year term insurance policy with a face amount = $100,000.

Insured: Male, age 60

Interest rate: 4.00%

Net Premium: $1,200.00

What is the probability that a male, age 60, will die before age 61?

Posted Date: May 11, 2024 05:15 AM

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You are given the following information about a one-year term insurance policy with a face amount =

Question:

Expert Answer:

To determine the probability that a male age 60 will die before age 61 we can use actuarial tables a... View the full answer

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