11. Determine P' - P where P' and P are defined as follows: P is...

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11. Determine P' - P where P' and P are defined as follows: • P is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50, using the Standard Select Survival Model with interest at 5% per year. • P' is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50 whose force of mortality at age 50+ s is given by 50+s [50]+s+0.01 where [50]+s is the force of mortality of the Standard Select Survival Model and interest at 5% per year. (A) 340 (B) 1050 (C) 1260 (D) 1410 (E) 1,530 11. Determine P' - P where P' and P are defined as follows: • P is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50, using the Standard Select Survival Model with interest at 5% per year. • P' is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50 whose force of mortality at age 50+ s is given by 50+s [50]+s+0.01 where [50]+s is the force of mortality of the Standard Select Survival Model and interest at 5% per year. (A) 340 (B) 1050 (C) 1260 (D) 1410 (E) 1,530

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Solution CHINRO P Now 200000 5 11 Sum insured 120000 000 i 5 age 50 year o... View the full answer