Mark You are given the following information: 1. An individual aged 40 purchases a 20-year term life insurance policy with a $1,000 death benefit and a 40-year deferred whole life insurance policy also with a $1,000 death benefit il Mortality follows the Standard Ultimate Life Table lil. Premiums are payable at the beginning of each year as long as the insured is alive, Iv. 10.05 Calculate the level annual net premium using the equivalence principle. Calculate the level annual net premium using the equivalence principle. A A Less than $3 B At least $3, but less than $4 At least $4, but less than $5 D At least $5, but less than $6 E At least $6