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?
Expert Answer:
Answer rating: 100% (QA)
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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