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A 60-year-old buys a special whole-life insurance policy with benefits payable at the end of the year of death; uity-due. During the first five years,
A 60-year-old buys a special whole-life insurance policy with benefits payable at the end of the year of death; uity-due. During the first five years, the death benefit equals the accumulated value of the premiums at 6% interest; after the first five years, the death benefit is S15, 000 Using the Illustrative Life Tables and i = 6%, calculate the net level premium. P
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