A life insurance policy issued to a life aged 5 0 pays $ 2 0 0 0
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Question:
A life insurance policy issued to a life aged pays $ at the end of the quarter year of death before age and $ at the end of the quarter year of death after age Use the Standard Ultimate Life Table and assuming interest at per year, in the following.
a Calculate the EPV of the benefit.
b Calculate the standard deviation of the present value of the benefit.
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