Questions For a special fully discrete whole life insurance on a life age 45, you are given Death benefit is payable at the end of year of death Death benefit is equal to 1000 plus the refund of premium paid without interest Premiums are determined by the Equivalence Principle The premium paid is , payable at the beginning of each year for 15 years Express in equation form Questions For a special fully discrete whole life insurance on a life age 45, you are given Death benefit is payable at the end of year of death Death benefit is equal to 1000 plus the refund of premium paid without interest Premiums are determined by the Equivalence Principle The premium paid is , payable at the beginning of each year for 15 years Express in equation form