AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The...

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AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death for 23-year old man over the next 8 years as the table below. Calculate the Net Single Premium for Term Insurance if the required return on insurance company is 5.05 % Age Number of living Number of Death Death Rate Survi 23 1250000 5500 24 6700 25 8800 26 9900 27 11000 28 12000 29 13000 30 14000 Select one: O a. NONE O b. 35000 O c. 37170.66 d. 35306.35 e. 37000.15 AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death for 23-year old man over the next 8 years as the table below. Calculate the Net Single Premium for Term Insurance if the required return on insurance company is 5.05 % Age Number of living Number of Death Death Rate Survi 23 1250000 5500 24 6700 25 8800 26 9900 27 11000 28 12000 29 13000 30 14000 Select one: O a. NONE O b. 35000 O c. 37170.66 d. 35306.35 e. 37000.15

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Statement showing the computation of present value of anticipated claims Age ... View the full answer