please note: i always upvote quality answers. please answer the folowwing:

thank you in advaced

Assume that the probability of death from age 25 to 30 for females is 0.03% per year. This means that the premium for a term life insurance policy for one year, paying out 1,000,000 would be at least * Meanwhile, if an insurer is to offer a five-year policy for 25 year-old females, it would have to charge at least if the discount rate is set at 3%. Round to units and no 1,000 separators for both answers No should be possible between a derivative transaction and a cash transaction that is economically equivalent to the derivative transaction