For a whole life policy of 1,000 at age 60 with death benefit payable at end of year you are given : 60: 10|

4. For a whole life policy of 1,000 at age 60 with death benefit payable at end of year you are given :

 

1. ä_{60:  10|}  = 7.9
2. ä_{60:  20|}  = 12.4
3. a₆₀ = 13.9
4. d = .05
5. The expected Company expenses, payable at beginning of year; and

1. 50 in 1^st year
2. 20 in years 2 through 10
3. 15 in years 11 through 20
4. 0 thereafter

Calculate the level annual gross premium. The premium is payable for life at the beginning of the year.