Abdullah aged 22 purchases a 40 year deferred whole life annuity due of 14000 per year as soon as the Abdullah is alive Assume that Annual premiums of 3P and P, determined using equivalence principle, are paid at the beginning of each year during the first 20 years and the second 20 years in the deferred period Mortality follows ILT for i 6 1 Calculate the level premium of the second 20 years 2 Calculate the net premium reserve at ages 50, 60, 70 using prospective approach 3 Calculate the net premium reserve at ages 50, 60, 70 using retrospective approach Abdullah aged 22 purchases a 40 year deferred whole life annuity due of 14000 per year as soon as the Abdullah is alive Assume that Annual premiums of 3P and P, determined using equivalence principle, are paid at the beginning of each year during the first 20 years and the second 20 years in the deferred period Mortality follows ILT for i 6 1 Calculate the level premium of the second 20 years 2 Calculate the net premium reserve at ages 50, 60, 70 using prospective approach 3 Calculate the net premium reserve at ages 50, 60, 70 using retrospective approach

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Abdullah aged 22 purchases a 40 year deferred whole life annuity due of 14000 per year as soon as the Abdullah is alive  Assume that Annual premiums of 3P and P, determined using equivalence principle, are paid at the beginning of each year during the first 20 years and the second 20 years in the deferred period  Mortality follows ILT for i   6   1  Calculate the level premium of the second 20 years 2  Calculate the net premium reserve at ages 50, 60, 70 using prospective approach 3  Calculate the net premium reserve at ages 50, 60, 70 using retrospective approach Abdullah aged 22 purchases a 40 year deferred whole life annuity due of 14000 per year as soon as the Abdullah is alive  Assume that Annual premiums of 3P and P, determined using equivalence principle, are paid at the beginning of each year during the first 20 years and the second 20 years in the deferred period  Mortality follows ILT for i   6   1  Calculate the level premium of the second 20 years 2  Calculate the net premium reserve at ages 50, 60, 70 using prospective approach 3  Calculate the net premium reserve at ages 50, 60, 70 using retrospective approach

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Abdullah aged 22 purchases a 40 year deferred whole life annuity due of 14000 per year as soon as the Abdullah is alive. Assume that

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