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Get-a-Life Insurance Company issues a special insurance policy to (50) with the following benefits: A death benefit of 100, payable at the end of year

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Get-a-Life Insurance Company issues a special insurance policy to (50) with the following benefits: A death benefit of 100, payable at the end of year of death, provided death occurs before age 65. An annuity benefit that pays 500 annually starting immediately when the policyholder reaches age 65. You are given: Level annual premiums of P are paid for the first 15 years only and are determined according to the actuarial equivalence principle. i = 0.05 so = 19.00 6 = 18.35 1s Eso = 0.45 Calculate P. Get-a-Life Insurance Company issues a special insurance policy to (50) with the following benefits: A death benefit of 100, payable at the end of year of death, provided death occurs before age 65. An annuity benefit that pays 500 annually starting immediately when the policyholder reaches age 65. You are given: Level annual premiums of P are paid for the first 15 years only and are determined according to the actuarial equivalence principle. i = 0.05 so = 19.00 6 = 18.35 1s Eso = 0.45 Calculate P

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