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2. For a fully discrete whole life policy of 1000 issued to (60): (i) Mortality follows SULT. (ii) i = 0.05 Under the FPT method,

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2. For a fully discrete whole life policy of 1000 issued to (60): (i) Mortality follows SULT. (ii) i = 0.05 Under the FPT method, calculate (1) the first year modified premium; (2) the renewal modified premium; (3) the reserve at the end of 10 years. 2. For a fully discrete whole life policy of 1000 issued to (60): (i) Mortality follows SULT. (ii) i = 0.05 Under the FPT method, calculate (1) the first year modified premium; (2) the renewal modified premium; (3) the reserve at the end of 10 years

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