Consider a whole life insurance with sum insured of $100,000 payable at the end of the year of death, issued to a life aged 35. Annual premiums are paid at the begining of the year for a duration of time which is the earliest of the death of the person or 20 years. Calculate the annual premium using the equivalence principle Consider a whole life insurance with sum insured of $100,000 payable at the end of the year of death, issued to a life aged 35. Annual premiums are paid at the begining of the year for a duration of time which is the earliest of the death of the person or 20 years. Calculate the annual premium using the equivalence principle