Question: 1. Suppose based on the most recent actuarial tables, the probability of death for 20-35-year- old in the U.S. is 0.001 per 1,000 monthly. Use

1. Suppose based on the most recent actuarial tables, the probability

of death for 20-35-year- old in the U.S. is 0.001 per 1,000

monthly. Use this data to answer questions a & b, below: a

Estimate the price (pure premium) for a 25-year old seeking $100,000 life

coverage for pure protection, assuming the probability of death is used as

1. Suppose based on the most recent actuarial tables, the probability of death for 20-35-year- old in the U.S. is 0.001 per 1,000 monthly. Use this data to answer questions a & b, below: a Estimate the price (pure premium) for a 25-year old seeking $100,000 life coverage for pure protection, assuming the probability of death is used as the unit of exposure b. Assuming the expense ratio (load) for Life & Health is 30%, determine the gross rate and monthly premium for this Life Policy. 1. Suppose based on the most recent actuarial tables, the probability of death for 20-35-year- old in the U.S. is 0.001 per 1,000 monthly. Use this data to answer questions a & b, below: a Estimate the price (pure premium) for a 25-year old seeking $100,000 life coverage for pure protection, assuming the probability of death is used as the unit of exposure b. Assuming the expense ratio (load) for Life & Health is 30%, determine the gross rate and monthly premium for this Life Policy

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