12. Policy: Whole life insurance issued to (40) Premium: Policy is paid for by a single premium of $P, due at policy issue, calculated under the equivalence principle Death Benefits: $10,000 payable at the end of the year of death. In addition to this, if the policyholder dies during the first 20 years, the single premium amount, due at issue, will be returned (without interest) at the end of the year of death Mortality and Interest: Illustrative Life Table with i = 6% Determine the single premium, P, due at policy issue. 12. Policy: Whole life insurance issued to (40) Premium: Policy is paid for by a single premium of $P, due at policy issue, calculated under the equivalence principle Death Benefits: $10,000 payable at the end of the year of death. In addition to this, if the policyholder dies during the first 20 years, the single premium amount, due at issue, will be returned (without interest) at the end of the year of death Mortality and Interest: Illustrative Life Table with i = 6% Determine the single premium, P, due at policy issue