A fully discrete 20-payment whole life insurance on (40) has a death benefit is equal to 1000 plus the refund, without interest, of the benefit premiums paid. The contract premium is designed so that 25% of the first contract premium goes to expenses and 5% of subsequent contract premiums go to expenses. If A40 = .11, 20|A40 = .09, (IA). 201 = .08, and 340:201 = 8. Find the contract premium. A fully discrete 20-payment whole life insurance on (40) has a death benefit is equal to 1000 plus the refund, without interest, of the benefit premiums paid. The contract premium is designed so that 25% of the first contract premium goes to expenses and 5% of subsequent contract premiums go to expenses. If A40 = .11, 20|A40 = .09, (IA). 201 = .08, and 340:201 = 8. Find the contract premium