(1) A whole life insurance of 1, payable at the moment of death, is issued to a life age 50. The single premium is 0.45. The probability that the present value of the financial loss is >= 0.150 is 0.200.

A fully continuous whole life insurance of 1 issued to a life age 50 has an annual premium of P. The probability that the present value of the financial loss is >= 0.400 is 0.200.

The force of interest is 0.050. Calculate P. (Ans 0.025)