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For a whole life insurance of 1 on (45): (1) Level net premiums are payable annually at the beginning of each year for the first
For a whole life insurance of 1 on (45):
(1) Level net premiums are payable annually at the beginning of each year for the first 10 years.
(2) Benefits are paid at the end of the year of death.
(3)i= 0.05
(4) Mortality follows the SULT.
Calculate the annual net premium.
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