Question: Question 2 (1 point) A life age 41 purchases a fully discrete 3-year term policy with a death benefit of $200,000 and a premium of

Question 2 (1 point) A life age 41 purchases a fully discrete 3-year term policy with a death benefit of $200,000 and a premium of $603.64. Interest and mortality follow the Illustrative Life Table. Calculate the standard deviation of the future loss random variable at time I. a) 14,950 b) 14,900 c) 14,850 d) 15,000 e) 15,050 Question 2 (1 point) A life age 41 purchases a fully discrete 3-year term policy with a death benefit of $200,000 and a premium of $603.64. Interest and mortality follow the Illustrative Life Table. Calculate the standard deviation of the future loss random variable at time I. a) 14,950 b) 14,900 c) 14,850 d) 15,000 e) 15,050
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
