- (5 pts) You are given: A fully discrete 20-year term insurance policy of $300,000 sum insured is issued to (47). If the policyholder survives at the end of 20 years, all the premium paid without interest will be returned to the policyholder at the end of 20 years. Mortality follows Exam LTAM Table. . i=0.05. Calculate the net premium reserve for this policy at the end of the 10th policy year (round to the nearest 0.01)