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Problem 2 (4 points). For a 20-year deferred annuity due issued to (40) that pays $1500 annually for life, you are given Premiums of G
Problem 2 (4 points). For a 20-year deferred annuity due issued to (40) that pays $1500 annually for life, you are given Premiums of G are pain annually during the deferral period. First year commissions are 60% of premium. Commissions for years 2-10 are 10% of premium. Commissions for 11-20 are 8% of premium. 45:10 = 6.25, 55:10 = 5.4 , 465 = 7 10E45 = 0.30, 10 E55 = 0.27 Premiums are calculated using the equivalence principle. Calculate G. . = Problem 2 (4 points). For a 20-year deferred annuity due issued to (40) that pays $1500 annually for life, you are given Premiums of G are pain annually during the deferral period. First year commissions are 60% of premium. Commissions for years 2-10 are 10% of premium. Commissions for 11-20 are 8% of premium. 45:10 = 6.25, 55:10 = 5.4 , 465 = 7 10E45 = 0.30, 10 E55 = 0.27 Premiums are calculated using the equivalence principle. Calculate G. . =
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