Question: B 2. Ans fast A 3-year term fully discrete term insurance is issued to (40). You are given: (a) The death benefit of 1,000 is

B 2.

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A 3-year term fully discrete term insurance is issued to (40). You are given: (a) The death benefit of 1,000 is payable at the end of the year of death. (b) 940 = 0.020; 941 = 0.025; 942 = 0.030. (c) The annual premiums, payable at the beginning of each year, are 60. (d) d = 5%. Determine the expected loss-at-issue

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