QUESTION 1 You are given the following extract from a selectie table with four year select period. A select individual aged 40 purchased a four-year term insurance with a sum insured of $200.000 (payable at the end of the year of death of death occurs within the term), with premiums payable annually throughout the term 11 1(x+1x+2 "(x)+3 1x+4 +4 [40] 100 000 99 899 99 724 99 520 99 288 44 [41] 99 802 99 689 99 502 99 283 99 033 45 [42] 99 597 99471 99628 99030 98752 46 The basis for the calculations is an effective rate of interest of 6% per year, and no expenses A Find the premium for the term insurance P= Round answer to 2 digits. B Calculate the mean of the present value of future loss random variable, Ly for the term insurance E(L1) Round answer to 2 digits QUESTION 1 You are given the following extract from a selectie table with four year select period. A select individual aged 40 purchased a four-year term insurance with a sum insured of $200.000 (payable at the end of the year of death of death occurs within the term), with premiums payable annually throughout the term 11 1(x+1x+2 "(x)+3 1x+4 +4 [40] 100 000 99 899 99 724 99 520 99 288 44 [41] 99 802 99 689 99 502 99 283 99 033 45 [42] 99 597 99471 99628 99030 98752 46 The basis for the calculations is an effective rate of interest of 6% per year, and no expenses A Find the premium for the term insurance P= Round answer to 2 digits. B Calculate the mean of the present value of future loss random variable, Ly for the term insurance E(L1) Round answer to 2 digits