1. (15pts) A special fully discrete 3-year term life insurance policy on (x) pays a benefit of 1000 if death occurs in the first 2 years and 500 if death occurs in the third year. You are given: ( ht+1=0.01 (ii) (iii) {-0.05 9x+2=0.02 Calculate the annual net premium for this insurance. 1010 4000 500