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Question 14 A whole life insurance issued to (25) pays a unit benefit at the end of the year of death Premiums are paid annually
Question 14 A whole life insurance issued to (25) pays a unit benefit at the end of the year of death Premiums are paid annually to the age 65. The benefit premium for the first 10 years is P2s followed by an increased level annual benefit premium for the rest 30 years. Use the Illustrative Life Table to find the following . The level annual benefit premium paid at ages 35 through 64 . The tenth year benefit reserve. .At the end of 10 years the policyholder has the option to continme with the benefit premium P2s until age 65 in return for reducing the death benefit to Sy for the death after age 35. Calculate y. Question 14 A whole life insurance issued to (25) pays a unit benefit at the end of the year of death Premiums are paid annually to the age 65. The benefit premium for the first 10 years is P2s followed by an increased level annual benefit premium for the rest 30 years. Use the Illustrative Life Table to find the following . The level annual benefit premium paid at ages 35 through 64 . The tenth year benefit reserve. .At the end of 10 years the policyholder has the option to continme with the benefit premium P2s until age 65 in return for reducing the death benefit to Sy for the death after age 35. Calculate y
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