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Product Pricing The following data and assumptions has been provided by Beta to aid with product pricing • The Average life of a policyholder the product will be sold to is 25 years old. The benefit to be paid on survival is 5000 Gh cedis. The current interest rate is 6%. The client wants to know what the present value and standard deviation will be to help in product pricing, if the number of lives at age 60 () is 81,880 and at age 25 ) is 95,650. Beta has another product which it intends to put on the market shortly but needs confirmation on product pricing. o This product will be sold to a life age 53 and it is designed to pay a death benefit at the end of the year if death occurs within 2 years. The amount of death benefit is 800 Gh cedis in the first year and 1,200 Gh cedis in the second year. The client wants to know the present value of the insurance at the commencement of the policy. The earlier consultants gave him the following parameters and he has asked you to use the same information. These are is 0.0075755 is 0.0082364