1.For a fully continuous whole life insurance of1000on two independent lives()and(), you are given:

1. (i)Benefits are payable at the moment of second death.
2. (ii)Premiums are payable while both are alive.
3. (iii)+= 0.015for all.
4. (iv)+= 0.032for all.
5. (v) = 0.05

Determine the annual net premium.