According the 2001 CSO Mortality Table,the Yearly Probability of Dying

question 5

Multiple Choice

According the 2001 CSO mortality table,the yearly probability of dying for a 40 year-old man is .00165.The present value of $1 one year from today,assuming a 5.5 percent interest rate,is .9479.What is the net single premium per $1,000 for a one-year term insurance policy sold to a man at age 40 assuming a 5.5 percent interest rate? Assume the premium is paid at the start of the year and the death benefit is paid at the end of the year.

• A)$1.56
• B)$2.45
• C)$7.18
• D)$952.81

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Definitions:

Global Team

A group of individuals working across time zones, borders, and cultures towards a common business goal or project, often facilitated by technology.

Member Tolerance

refers to the ability of individuals within a group or team to accommodate and adapt to differences among members, such as divergent opinions, behaviors, or working styles.

Superordinate Goals

Shared objectives that require two or more groups to work together, promoting cooperation and reducing intergroup conflict.

Negative Sentiment

Feelings of disapproval or pessimism towards something.