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question about universal life insurance................ 2. [6 marks] Jill, (25) is buying a Universal Life policy with a death benefit of $150,000 plus account value.

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question about universal life insurance................

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2. [6 marks] Jill, (25) is buying a Universal Life policy with a death benefit of $150,000 plus account value. The credited rate is 3%. You are provided with the following information. Annual % premium Annual cost of Annual premium charge insurance rate expense per 1000 charges -m_ 2 3000 10% 1.27 3 3000 10% 1.33 5883.89 Calculate the value of R

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