Question: Z is the present-value random variable for a whole life insurance of b payable at the moment of death of (x). You are given: (i)

Z is the present-value random variable for a whole life insurance

Z is the present-value random variable for a whole life insurance of b payable at the moment of death of (x). You are given: (i) =0.04 (ii) x+t=0.02,t0 (iii) The single benefit premium for this insurance is equal to Var(Z). Calculate b. (A) 2.75 (B) 3.00 (C) 3.25 (D) 3.50 (E) 3.75

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