Question: 11. Determine P- P where Pand P are defined as follows: Pis the net annual premium for a whole life insurance with sum insured $200,000
11. Determine P- P where Pand P are defined as follows: Pis the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50, using the Standard Select Survival Model with interest at 5% per year. Pl is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50 whose force of mortality at age 50 + s is given by (6) +- M150 +* +0.01 where #4186) +is the force of mortality of the Standard Select Survival Model and interest at 5% per year. (A) 340 (B) 1050 (C) 1260 (D) 1410 (E) 1,530 11. Determine P- P where Pand P are defined as follows: Pis the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50, using the Standard Select Survival Model with interest at 5% per year. Pl is the net annual premium for a whole life insurance with sum insured $200,000 issued to a select life aged 50 whose force of mortality at age 50 + s is given by (6) +- M150 +* +0.01 where #4186) +is the force of mortality of the Standard Select Survival Model and interest at 5% per year. (A) 340 (B) 1050 (C) 1260 (D) 1410 (E) 1,530
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