AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death...

AXA Insurance company sells life insurance policies for 5 years for 25 year<br>old man. The amount payable if the death occurs is 69000. The company<br>actuary has calculated that the probability of death for 23-year old man over<br>the next 8 years as the table below. Calculate the Net Single Premium for<br>Term Insurance if the required return on insurance company is 5.05 %<br>Age<br>Number of living<br>Number of Death<br>Death Rate<br>Survi<br>23<br>1250000<br>5500<br>24<br>6700<br>25<br>8800<br>26<br>9900<br>27<br>11000<br>28<br>12000<br>29<br>13000<br>30<br>14000<br>Select one:<br>O a. NONE<br>O b. 35000<br>O c. 37170.66<br>d. 35306.35<br>e. 37000.15<br>

Extracted text: AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death for 23-year old man over the next 8 years as the table below. Calculate the Net Single Premium for Term Insurance if the required return on insurance company is 5.05 % Age Number of living Number of Death Death Rate Survi 23 1250000 5500 24 6700 25 8800 26 9900 27 11000 28 12000 29 13000 30 14000 Select one: O a. NONE O b. 35000 O c. 37170.66 d. 35306.35 e. 37000.15

Jun 02, 2022

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AXA Insurance company sells life insurance policies for 5 years for 25 year old man. The amount payable if the death occurs is 69000. The company actuary has calculated that the probability of death...

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