Question 5: For a special 3-payment whole life insurance on (50); i) Premiums are P at the beginning of year 1, 2, and 3. ii) Death benefit is paid at the end of the year of death. iii) If death occurs in the first 3 years, the death benefit is 1,000 plus refund of premiums without interest. otherwise, the death benefit is 1000. iv) i = 0.05 v) 950 = 0.01, qs = 0.02, 932= 0.03 vi Asp= 0.35 Calculate Pusing the equivalence principle Question 5: For a special 3-payment whole life insurance on (50); i) Premiums are P at the beginning of year 1, 2, and 3. ii) Death benefit is paid at the end of the year of death. iii) If death occurs in the first 3 years, the death benefit is 1,000 plus refund of premiums without interest. otherwise, the death benefit is 1000. iv) i = 0.05 v) 950 = 0.01, qs = 0.02, 932= 0.03 vi Asp= 0.35 Calculate Pusing the equivalence principle