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Information about a one-year term insurance policy

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Reference no: EM133074316

You are given the following information about a one-year term insurance policy with a face amount = $100,000.

Insured: Male, age 60

Interest rate: 4.00%

Net Premium: $1,200.00

What is the probability that a male, age 60, will die before age 61?

Reference no: EM133074316

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