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A man aged 45 purchased a whole life insurance policy with sum assured of $250,000 in a Life Insurance Company. The following assumptions were used

A man aged 45 purchased a whole life insurance policy with sum assured of $250,000 in a Life Insurance Company. The following assumptions were used in determining the policy values for the contact

A43= 0.215 i=4% qx+k = 0.65% for all KE R

Determine the annual premium, assuming death benefits are payable at the end of year of death

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