Question: I'll give a good rating for a quick and correct response! For a fully discrete whole life insurance on (x), you are given: Ax =

I'll give a good rating for a quick and correct response!

For a fully discrete whole life insurance on (x), you are given: Ax = 0.4 14, = 0.2 d = 0.05 The level annual premium payable is 0.05 times the amount of insurance The insurance company issues 145 policies of this type with the following amounts Amounts of Insurance No. of Policies 1 135 3 10 Assuming losses are independent, use the normal approximation to calculate the probability that the present value at issue of the insurer's total gain on these policies will exceed 45

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