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Q# 4: For a special fully-discrete, 20-year term life insurance issued to (30), you are given: a) The death benefit, paid at the end of

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Q# 4: For a special fully-discrete, 20-year term life insurance issued to (30), you are given: a) The death benefit, paid at the end of the year of death, is $1000 during the first ten years and $2000 during the last ten years. b) The net premium, paid at the beginning of each year, determined by the equivalence principle, is P for each of the first ten years and 2P for each of the last ten years. c) Use Select & Ultimate Mortality in Appendix D d) Interest Rate is 5% Calculate the annual Net Premium for this insurance. VERONOOPPLERE command option Q# 4: For a special fully-discrete, 20-year term life insurance issued to (30), you are given: a) The death benefit, paid at the end of the year of death, is $1000 during the first ten years and $2000 during the last ten years. b) The net premium, paid at the beginning of each year, determined by the equivalence principle, is P for each of the first ten years and 2P for each of the last ten years. c) Use Select & Ultimate Mortality in Appendix D d) Interest Rate is 5% Calculate the annual Net Premium for this insurance. VERONOOPPLERE command option

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