Question: 3. For a 1 year deferred, 2 year term life insurance issued on (65). Given that i. The amount of benefit is 2000. ii. i

3. For a 1 year deferred, 2 year term life insurance issued on (65). Given that i. The amount of benefit is 2000. ii. i = 0.04 iii. Mortality follows 36 65 l 66 67 qx 0.004 \\ 0.0041 0.0043 iv. Death benefits are payable at the end of the year of death. Calculate the actuarial present value (EPV) of this insurance

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