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For a special whole life insurance policy on (45) with benefits payable at the moment...

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Question

Finance

For a special whole life insurance policy on (45) with benefits payable at the moment of death, you are given:

(i) The death benefit at time t is

(ii)

(iii) = 0.03.

Calculate the single benefit premium for this insurance.

The answer is 1.337153, but I'm not sure how to get there.

Answer & Explanation Solved by verified expert
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