Maryam, whose current age is 55, purchases a 15-year deferred, 20-year term life insurance policy. You...

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Maryam, whose current age is 55, purchases a 15-year deferred, 20-year term life insurance policy. You are given: • The insurance company pays $200,000 when she dies after the deferred period and before finishing the term of the contract. • The insurance benefit is payable at the end of the month. • Mortality follows the Standard Ultimate Life Table. • i= 0.05. Calculate the actuarial present value by using the claim acceleration approach. Maryam, whose current age is 55, purchases a 15-year deferred, 20-year term life insurance policy. You are given: • The insurance company pays $200,000 when she dies after the deferred period and before finishing the term of the contract. • The insurance benefit is payable at the end of the month. • Mortality follows the Standard Ultimate Life Table. • i= 0.05. Calculate the actuarial present value by using the claim acceleration approach.

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Amed ss X55 15 yom dekad 2eyear Term life husurade Benefre a000n olie ... View the full answer