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An annual premium whole life insurance on (50) pays a benefit of 20,000 for accidental death and 10,000 for death from non-accidental causes. You

An annual premium whole life insurance on (50) pays a benefit of 20,000 for accidental death and 10,000 for death from non-accidental causes. You are given: (i) Benefits are paid at the end of the year of death. (ii) Premiums are 200 per year, payable at the beginning of each year. (iii) Renewal expenses are 5% of premium. (iv) The reserve is the net premium reserve with i = 0.04. (v) In the reserve basis, Aso = 0.205, A59 = 0.250, and A60 = 0.260. (vi) In the profit test basis, i = 0.06, 9p50 = 0.96, 959 = 0.01. (vii) The probability of accidental death in each year, given survival to the beginning of the year, is 0.001. Calculate II10, the tenth year profit per policy issued.

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