Question: a ) A life office issues a 2 0 - year term assurance to a male aged 4 0 , with a sum assured of

a) A life office issues a 20-year term assurance to a male aged 40, with a sum
assured of Ksh 5,000,000, assuming AM92 Ultimate mortality and interest of
4% pa. Assume that the death benefit is paid at the end of the year of death.
Calculate the annual premium.
a) A life office issues a 20-year term assurance to a

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