A whole life insurance policy is issued at age 30. The gross annual premium is 120 payable
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A whole life insurance policy is issued at age 30. The gross annual premium is 120 payable at the beginning of each year for life. Expense provisions include 50% of the first year's gross annual premium, 10%) of each subsequent gross annual premium, and 200 at issue. Given A^o - .068 and a^o = 15, find the face amount of the policy.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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