Question: 1. Suppose based on the most recent actuarial tables, the probability of death for 20-35-year old in the U.S. is 0001 per 1,000 monthly. Use

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

1. Suppose based on the most recent actuarial tables, the probability of death for 20-35-year old in the U.S. is 0001 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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