For a 10-payment 20-year endowment insurance of 1000 on (40), you are given: (1) The following expenses: First Year Subsequent Years Percent of Premium Per Policy Percent of Premium Per Policy Taxes 4 % 0 4 % 0 Sales Commission 25 % 0 5% 0 Policy Maintenance 0 10 0 5 (II) Expenses are paid at the beginning of each policy year. (iii) Death benefits are payable at the moment of death. (iv) The premium is determined using the equivalence principle. Which of the following is a correct expression for the premium? 1000 , 40:20 A +10+5 a 40:19 0.96 -0.25 -0.050 40:10 40: B 5 1000 A +10+5 a 40:20 40 -0.25 -0.050 409 96 a 40:10 1000 A 40:20 +10+5 a 40: 0.91 a -02 40:10 To D 10002 + 10 + Sa 4020 40:9 0.950 -0.2 -0.40 40:10 40.20 E 1000. +10+Sa 40 20 40 10 0.910 -0.2 40:10 For a 10-payment 20-year endowment insurance of 1000 on (40), you are given: (1) The following expenses: First Year Subsequent Years Percent of Premium Per Policy Percent of Premium Per Policy Taxes 4 % 0 4 % 0 Sales Commission 25 % 0 5% 0 Policy Maintenance 0 10 0 5 (II) Expenses are paid at the beginning of each policy year. (iii) Death benefits are payable at the moment of death. (iv) The premium is determined using the equivalence principle. Which of the following is a correct expression for the premium? 1000 , 40:20 A +10+5 a 40:19 0.96 -0.25 -0.050 40:10 40: B 5 1000 A +10+5 a 40:20 40 -0.25 -0.050 409 96 a 40:10 1000 A 40:20 +10+5 a 40: 0.91 a -02 40:10 To D 10002 + 10 + Sa 4020 40:9 0.950 -0.2 -0.40 40:10 40.20 E 1000. +10+Sa 40 20 40 10 0.910 -0.2 40:10