Question: Please help me. I don't know how to do this. 6. Consider a five-year deferred whole life insurance policy issued to (60). Death benefits are

 Please help me. I don't know how to do this. 6.

Please help me. I don't know how to do this.

6. Consider a five-year deferred whole life insurance policy issued to (60). Death benefits are payable at the end of the year of death. . The policy pays no benefit on death before age 65. The policy pays $1000 if death occurs between ages 65 and 70, and $1500 if death occurs between ages 70 and 80, and $2500 thereafter. . Mortality follows the Standard Ultimate Life Table at i = 5%. Calculate the expected present value of the death benefit for this policy. [ 5 pts 6. Consider a five-year deferred whole life insurance policy issued to (60). Death benefits are payable at the end of the year of death. . The policy pays no benefit on death before age 65. The policy pays $1000 if death occurs between ages 65 and 70, and $1500 if death occurs between ages 70 and 80, and $2500 thereafter. . Mortality follows the Standard Ultimate Life Table at i = 5%. Calculate the expected present value of the death benefit for this policy. [ 5 pts

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