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A life insurance company offers a customer a 3-year terms policy with death benefit (DB) of $163317. Assume the mortalit
Posted: Wed Mar 30, 2022 3:42 pm
by answerhappygod
- A Life Insurance Company Offers A Customer A 3 Year Terms Policy With Death Benefit Db Of 163317 Assume The Mortalit 1 (76.26 KiB) Viewed 53 times
A life insurance
company offers a customer a 3-year terms policy with death benefit (DB) of $163317. Assume the mortality (death) rate assume she is alive at the beginning of the year for the next 3 years are: 0005,0007, and .001 respectively and there isn't any other decrement or other CF. Assume DB is paid at year end. Compute the
company's PV of DB using 3% interest round to nearest dollar