1. Giren: (i) $1000 death benefit will be paid at the moment (40) dies, cii) (40) will pay level annual premiums at the beginning of each year she/he survives up to a maximum of 20 payments, City DML holds with a = 100, and ciV) i = 0.06. Use the equivalence principle to determine the level annual premium. 1. Giren: (i) $1000 death benefit will be paid at the moment (40) dies, cii) (40) will pay level annual premiums at the beginning of each year she/he survives up to a maximum of 20 payments, City DML holds with a = 100, and ciV) i = 0.06. Use the equivalence principle to determine the level annual premium