. G is the annual expense-loaded premium payable for life for $1,000 of insurance for a whole life policy to (x). Expenses are: a. Commissions: 20% of G in First Year; 5% of G in renewal years. b. Settlement cost: $5 per $1000. If the policy is modified so that first year commission is 35%, while all other expenses are unchanged, the new gross premium (G! ) is 2% higher than G. If d = 0.06, find G.