Question: Insurance issues a 3 - year term insurance on ( x ) . Benefits are paid at the end of the year of death. Level
Insurance issues a year term insurance on x Benefits are paid at the end of the year of death. Level premiums are paid semiannually, starting immediately. You are given:
i The death benefit is $ in year $ in year and $ in year ii qx qx qxiii i iv Assume constant force of mortality for fractional ages.
aCalculate the level net premium payable semiannually.
bCalculate V
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