A fully discrete whole life insurance is issued to (35) with a face amount of 100000 mortality is based on the LTAM life table with an annual effective interest rate of 5% The annual contract premium is 20% larger than the annual net premium. find the probability that the 10th year terminal prospective loss 10L is positive

Answer rating: 100% (QA)

The answer is At least 052 but less than 053 ... View the full answer