1. You are given the following information about a universal life policy: Face Amount = $125,000 Death Benefit Option 1 (level) Current Account Value = $30,000 Cost of Insurance Rate = $0.90/$1,000 of Net Amount at Risk Monthly Policy Fee = $3.50 Percentage Premium Load = 4% Annual Interest Rate = 5.5% The policyowner made a premium payment of $600 during the month. Determine the policy's Account Value at the end of the month. 2. How would your answer to the above question change if the death benefit was option 2 (non-level)? 1. You are given the following information about a universal life policy: Face Amount = $125,000 Death Benefit Option 1 (level) Current Account Value = $30,000 Cost of Insurance Rate = $0.90/$1,000 of Net Amount at Risk Monthly Policy Fee = $3.50 Percentage Premium Load = 4% Annual Interest Rate = 5.5% The policyowner made a premium payment of $600 during the month. Determine the policy's Account Value at the end of the month. 2. How would your answer to the above question change if the death benefit was option 2 (non-level)