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9. A fully discrete n payment whole life insurance policy is issued to (x). The expenses on the policy are: Sales commission 6% of gross

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9. A fully discrete n payment whole life insurance policy is issued to (x). The expenses on the policy are: Sales commission 6% of gross premium Tax 4% of gross premium Per policy $30 in 1st year, $5 in n1 subsequent years Claim settlement $15 Given that Ax=.3,A1:x]=.1,Ax+n=.4 and i=.06, which of the following is the correct formulation for the expense premium G(b), for this policy with face amount b, where b is in units . of 10,000 ? A) 417.7b+10.2 B) 417.7b+12.1 C) 471.7b+10.2 D) 471.7b+12.1 E) 417.7b10.2

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