A 55-year old buys a continuous increasing whole life insurance. The benefit payable at the moment...

A 55-year old buys a continuous increasing whole life insurance. The benefit payable at the moment of death (time t) is equal to bt=1000t.

Mortality is DeMoivre, with ω=100;δ=0.06

Find the Net Single Premium of this insurance.

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Expert Solution

Colby Messinger answered 2 years ago

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