Question: Please don't answer 0 in part C. Please answer according to the answer key If You don't get the answer equals to the answer key

Please don't answer 0 in part C. Please answer according to

Please don't answer 0 in part C. Please answer according to the answer key

the answer key If You don't get the answer equals to the

If You don't get the answer equals to the answer key please don't answer it

4. A fully continuous whole life insurance with unit benefit has a level premium. The time-until-death random variable, T(x), has an exponential distribution with E[T(x)]=50 and the force of interest is =0.06. a. If the principle of equivalence is used, find the benefit premium rate. b. Find the premium rate if it is to be such that Pr(L>0)=0.50. c. Repeat part (b) if the force of interest, , equals 0 . 6.4. a. 0.02 b. 0.00857 c. 0.02885 4. A fully continuous whole life insurance with unit benefit has a level premium. The time-until-death random variable, T(x), has an exponential distribution with E[T(x)]=50 and the force of interest is =0.06. a. If the principle of equivalence is used, find the benefit premium rate. b. Find the premium rate if it is to be such that Pr(L>0)=0.50. c. Repeat part (b) if the force of interest, , equals 0 . 6.4. a. 0.02 b. 0.00857 c. 0.02885

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