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10 The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales
10 The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales commission is 40% of the gross premium in the first year; renewal commissions are 5% of the gross premium in years 2 through 10 only, and 0% thereafter, per policy expenses are $12.50 per $1,000 of benefit in the first year and $2.50 per $1,000 of benefit thereafter; i = 4%; and the following table of annuity values: 2017 n 10 8.409 20 14.010 30 17.626 Calculate the expense-loaded annual premium. 10 The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales commission is 40% of the gross premium in the first year; renewal commissions are 5% of the gross premium in years 2 through 10 only, and 0% thereafter, per policy expenses are $12.50 per $1,000 of benefit in the first year and $2.50 per $1,000 of benefit thereafter; i = 4%; and the following table of annuity values: 2017 n 10 8.409 20 14.010 30 17.626 Calculate the expense-loaded annual premium
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