Answered: (c) For a special whole life insurance… | bartleby

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(c) For a special whole life insurance issued to (40), you are given:
Benefit is payable at the moment at death.
• b₁ = 200e0.03
. Mortality follows de Moivre's law with = 100
Assume i 5%
Calculate the actuarial present value of the death benefits of this policy.

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