You are given the following extract from a select and ultimate table. Consider a $100,000 3-year discrete term insurance

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You Are Given The Following Extract From A Select And Ultimate Table Consider A 100 000 3 Year Discrete Term Insurance 1 (164.57 KiB) Viewed 31 times

You are given the following extract from a select and ultimate table. Consider a $100,000 3-year discrete term insurance issued to a life aged 42. [x] l[x] +1 x + 4 [40] 100,000 99,903 44 [41] 99,814 99,681 99,511 99,280 99,028 45 99,595 99,468 99,270 99,025 98,747 46 99,595 99,376 99,376 99,198 98,962 98,683 98,369 47 [42] [43] l[x]+2 99,744 l[x]+3 lx+4 99,519 99,292 1. Calculate the EPV of the term insurance using an interest rate of 5%. 2. Calculate the probability that the present value of the payments is greater than or equal to $90,000. 3. Calculate the standard deviation of the term insurance PV at 5%