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8 show your work For a special fully discrete 35-payment whole life insurance on (30): (i) The death benefit is 1 for the first 20

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8 show your work

For a special fully discrete 35-payment whole life insurance on (30): (i) The death benefit is 1 for the first 20 years and is 5 thereafter. (ii) The initial benefit premium paid during each of the first 20 years is one fifth of the benefit premium paid during each of the 15 subsequent years. (iii)Mortality follows the Illustrative Life Table. (iv)i = = 0.06 (v) A30:351 = 14.835 14.835 Calculated the initial annual benefit premium. (a) 0.010 (b) 0.015 (c) 0.020 (d) 0.025 (e) 0.030 = (vi)30:35 For a special fully discrete 35-payment whole life insurance on (30): (i) The death benefit is 1 for the first 20 years and is 5 thereafter. (ii) The initial benefit premium paid during each of the first 20 years is one fifth of the benefit premium paid during each of the 15 subsequent years. (iii)Mortality follows the Illustrative Life Table. (iv)i = = 0.06 (v) A30:351 = 14.835 14.835 Calculated the initial annual benefit premium. (a) 0.010 (b) 0.015 (c) 0.020 (d) 0.025 (e) 0.030 = (vi)30:35

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