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 of b payable at the moment of death of (x). You are given: (i) Hr+ = 0.01 120 (ii) 8 = 0.05 (iii) The net single premium for this insurance is equal to Var(Z). Calculate b. (A) 1.36 (B) 1.68 (C) 2.00 (D) 2.32 (E) 2.64

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