Slowly as the ages increased over time. The mortality rates increased. This goes for life in general, but smoking undoubtably increases the mortality rate. 2) Review the CSO tables on the APLII Base Information (AF to AX] a. What is the Percentage Probability of Premature Death based on the 2017 CSO Table by Risk Rate Class [D3]? MALE FEMALE AGE PREFERRED_STANDARD_SMOKER PREFERRED_STANDARD_SMOKER 23 43 63 83 a. List observations with respect to the change in mortality rates over time or by risk rate class. 3. Estimate the Life Expectancies, Number of Years Number of Months (Traditional D G TRADITIONAL WHOLE LIFE At Date of issue Age of Valuation PROSPECTIVE METHOD PVFB IPV of Futule Death Benefits] = NSP (Net Single Premium] = PVFP [PV of Future Premium Payments] PVFB [PV Future Death Benefits] = PVFP [PV Future Premium Payments) + TERMINAL RESERVE NLP (Net Level Premium] = NSP (Net Single Premium]/PVLAD [PV Life Annuity Due=PV Expected Premium Payments) TERMINAL RESERVE = NSP . PVFP = NSP - INLP "PVFP (for remaining Premium Payment Period)) CASH VALUE - NSP . PVFP (Adjusted) = NSP - Adjusted Premium NLP PVFP (for remaining Premium Payment Period) PAID-UP INSURANCE - CASH VALUE / NSP (Age of Valuation) $350.64 NLP, Net Level Premium - $10.59 NLP, Net Level Premium + 1 Year - $10.89 $33.11 Amortized Expense Allowance $0.70 Annualized Expense @Dth.Ben. $ 70.19 2.00% Adjusted Premium (CRVM) $11.29 Non-Forfeiture Factor Annual Premium Goth. Ben $1,129.27 - Guideline Level Premium NSP, Net Single Premium /1000 = 0 PVLAD, PV Life Annuity Due $1 = 11 Guaranteed Interest Rate = 12 NUMBER OF PROPORTION PROPORTION NUMBER OF INSURED DEATHS/1000 UVING PAYING 14 AGE DEATHS PREMIUMS 15 23 1 1.03 1.03000 1.00000 16 24 0.99897 1.05 1.04892 0.99897 17 25 0.99792 1.07 1.06778 0.99792 18 26 0.99685 1.12 1.11648 0.99685 19 27 0.99574 1.17 1.16501 0.99574 20 28 0.99457 1.17 1.16365 0.99457 21 29 0.99341 1.15 1.14242 0.99341 22 30 0.99227 1.14 1.13110 0.99227 23 31 0.99113 1.13 1.11998 0.99113 24 32 0.99001 1.13 1.11872 0.99001 25 33 0.98890 1.15 1.13723 0.98890 20 34 0.96776 1.18 1.16556 0.98776 27 35 0.98650 1.21 1.19378 0.98650 28 36 0.98540 1.28 1.26131 0.98540 29 37 0.98414 1.34 1.31874 0.98414 30 38 0.98282 1.41526 0.98282 39 0.98140 1.54 1.51136 0.98140 32 40 0.97989 1.65 1.61682 0.97989 33 41 0.97828 1.79 1.75111 0.97828 34 0.97652 1.96 1.91399 0.97652 35 43 0.97461 2.15 2.09541 0.97461 36 0.97252 2.39 2.32431 0.97252 37 45 0.97019 2.65 2.57101 0.97019 38 46 0.96762 2.90 2.80610 0.96762 39 0.96481 3.17 3.05846 0.96481 40 48 0.96176 3.33 3.20265 0.96176 0.95855 3.52 3.37411 0.95855 42 50 0.95518 3.76 3.59147 0.95518 51 0.95159 4.00 3.86344 0.95159 44 52 0.94772 4.47 4.23633 0.94772 APLI TRADITIONAL WHOLE LIFE NSP PVLAD - PV UFE TERMINAL PAID-UP NET SINGLE CASH VALUE RESERVE ANNUITY DUE 15 INSURANCE PREMIUM $350.64 $33.11 $ $ $356.99 $32.78 $ 978.27 $ $ $363.46 $32.45 $ 1,975.18 $ $ $370.06 $32.12 $ 2,991.14 $ 736.84 $ 1.991.16 $376.76 $31.77 $ 4,023.74 $ 1,793.44 4,760.18 $383.57 $31.43 $ 5,073.41 $ 2,867.53 $ 7.475.82 $390.53 $31.07 6,145.33 S 3,064.37 $ 10,151.21 $397.65 $30.71 $ 7,241.83 $ 5,086.37 $ 12,791.07 $404.92 $30.34 $ 8,362.47 6,233.06 5 15,393.14 $412.36 $29.96 $ 9,507.72 7,404.05 6 17,957.52 $419.95 $29.57 $ 10,677.21 $ 8,601.62 $ 20,482.46 $427.69 $29.18 11,869.678 9,821.81 22,964.70 $435.58 $26.77 $ 13,084.76 $ 11,065.16 $ 25,403.31 $443.62 $28.36 $ 14,323.05 $ 12,332.25 $ 27.799.25 $451.79 $27.95 $ 15,581.72 5 13,620.18 $ 30,147.25 $460.10 $27.526 16,862.22 S 14,930.45 32,450.39 $468.54 $27.00 $ 18,161.88 $ 16,260.33 $ 34,704.44 $477.10 $26.65 $ 19,481.38 17,610.525 36,911.35 $485.80 $26.21 $ 20,820.63 $ 18,980.91 S 39,071.71 $494.61 $25.76 $ 22,178.00 $ 20,369.84 41,183.82 $503.53 $25.31 $ 23,551.99 $ 21,775.78 6 43, 246.50 $512.55 $24.85 $ 24,941.92 $ 23,198.03 $ 45,260.07 $521.66 $24.38 $ 26,344.99 $ 24,633.72 47,222.04 $530.85 $23.91 $ 27.760.71 $ 26,082.375 49,133.49 $540.13 $23.44 $ 29,190.85 $ 27,545.76 $ 50,998.35 $549.51 $22.96 $ 30,635.04 $ 29,023.54 S 52,817.61 $559.03 $22.47 $ 32,101.90 $ 30,524.525 54,602.97 $568.69 $21.98 $ 33,590.455 32,047.67 5 56,353.60 $578.48 $21.48 35,098.49 $ 33,500.79 $ 58,067.54 $588.38 $20.97 $ 36,623.41 $ 35,151.17 S 59,742.68 PARTICIPATING WHOLE LIFE CURRENT ASSUMPTION WHOLE LIFE H A B LUTUT 4.06 4.47 4.93 5.50 6.17 6.88 7.64 8.27 8.99 10.94 12.25 43 51 44 52 45 53 46 54 47 55 48 56 49 57 50 58 51 59 52 80 53 61 54 62 55 63 56 65 58 50 67 50 68 61 69 62 70 63 71 04 72 66 73 66 74 67 TS 68 76 69 77 70 78 71 79 72 80 81 74 82 75 76 77 85 78 86 79 87 28 81 89 90 83 91 92 85 86 94 95 0.95159 0.94772 0.94349 0.93884 0.93367 0.92791 0.92153 0.91449 0.90692 0.89677 0.88991 0.88017 0.86939 0.85747 0.84440 0.83018 0.81484 0.79847 0.78103 0.76256 0.74201 0.72200 0.69939 0.67517 0.64946 0.62224 0.59357 0.56335 0.53148 0.49797 0.46304 0.42683 0.38990 0.35266 0.31540 0.27870 0.24277 0.20822 0.17558 0.14540 0.11812 0.00420 0.07368 0.05644 0.04227 3.86344 4.23633 4.65139 5.16300 5.76076 6.38403 7.04047 7.56281 8.15325 8.86188 9.73561 10.78213 11.91936 13.06788 14.22821 15.33335 16.37019 17.44662 18.46345 19.65123 20.91295 22.61299 24.21272 25.71057 27.2.1895 28.67290 30.22450 31.86282 33.51530 34,92743 36.20509 36.93829 37.23902 37.18068 36.77514 35.92744 34.55892 32.63359 30.17899 27.28628 23.91150 20.52067 17.24508 14.17415 11.37649 13.71 15.24 16.85 18.47 20.09 21.85 23.64 25.77 28.15 31.32 34.62 38.08 41.91 46.00 50.92 56.56 63.06 70.14 78.19 86.54 95.51 105.43 116.57 128.91 142.35 156.73 171.88 187.66 202.44 217.83 234.04 251.14 269.17 RETU 0.95159 0.94772 0.94349 0.93884 0.93367 0.92791 0.92153 0.91449 0.90692 0.89877 0.88901 0.88017 0.86939 0.85747 0.84440 0.83018 0.81484 0.79847 0.78103 0.76256 0.74291 0.72200 0.69939 0.67517 0.64946 0.62224 0.59357 0.56335 0.53148 0.49797 0.46304 0.42683 0.38990 0.35266 0.31548 0.27870 0.24277 0.20822 0.17550 0.14540 0.11812 0.01420 0.07368 0.05644 0.04227 UBE $578.48 $588.38 $598.35 $608.38 $618.45 $628.53 $638.62 5648.70 $658.86 5669.06 $679.28 $689.47 $699.57 $709.58 $719.50 $729.33 $739.10 $748.83 $758.54 $768.23 $777.87 $787.44 $796.83 $806.05 $815.13 $824.00 $832.84 $841.42 $849.75 $857.77 $865.50 $872.86 1879.93 $886.71 $893.18 $899.31 $905.06 $910.40 $915.34 $919.88 $924.01 $927.90 $931.55 $934,95 $938.11 G 4U $21.485 $20.97 $ $20.47 $ $19.95 $19.44 5 $18.93 $ $18.41 $ $17.90 $ $17.38 $ $16.86 $ $16.33 $ $15.81 $ $15.30 $ $14.79 $ $14.28 $ $13.785 $13.28 $ $12.78 5 $12.28 5 $11.79 $ $11.30 $ 310.81 $ $10.33 $ $0.85 39.39 $ $0.00 $ 35,098.49 $ 36,623.41 $ 38,159.72 S 39,705.93 41,257.23 $ 42,809.775 44,363.45 S 45,917.80 $ 47,482.09 $ 49,053.99 $ 50,628.54 $ 52,198.42 $ 53,756.17 55,298.70 $ 56,826,98 $ 58,341.84 5 59,847.33 $ 61,348.02 $ 62,843.375 64,337.44 $ 65,823.73 $ 67,299.96 68,747.39 $ 70,169.89 $ 71,570.97 $ 72,048.94 $ 74,304.12 $ 75,629.52 $ 76,916.79 $ 78,158.04 $ 79,353.30 $ 80,495.58 $ 81,592.80 $ 82.647.59 $ 83,667.85 84,618.22 $ 85,524.865 86,376.29 $ 87,173.83 $ 87,921.525 88,625.72 $ 89,315.53 $ 90,004.87 $ 90,711.30 $ 91,461.41 $ 33,590.79 $ 35,151.17 S 36,723.21 $ 38,305.38 39,892.75 $ 41,481.41 $ 43,071.22 $ 44,661.72 5 46,262.40 S 47,870.87 $ 49,482.04 $ 51,088.44 $ 52.662.43 $ 54,260.85 6 55,824.70 $ 57,374.82 $ 58,915.34 $ 60,450.96 $ 61,981.13 63,509.98 65,030.89 $ 66,541.51 $ 68,022.66 $ 69,478.32 $ 70,912.07 $ 72,322.19 $ 73,709.01 S 75,065.37 $ 76,382.75 $ 77,653.06 $ 78,876.37 $ 80,045.52 $ 81,168.62 $ 82,248.39 $ 83,282.72 $ 84,266.13 $ 85,194.77 $ 86,067.19 $ 86,884.85 $ 87,652.04 $ 88,375.48 $ 89,085.276 89,796.13 5 90,526.80 $ 91,305.71 $ 58,067.54 59,742.68 61,374.29 62,962.43 64,504.01 65,997.39 67.444.71 68,847.65 70,216.21 71,549.61 72,845.12 74,098,61 75,306,37 76,468.48 77,588.02 78,667.76 79,712.43 80,726.72 81,711.60 82,670.87 83,601.55 84,503.50 85,367.00 86,196.24 86,994.89 87,763.47 88,503.50 89,212.94 89,888.69 90,528.54 91,134.33 91,704.35 92,244.24 92,756.83 93,242.69 93,701.06 94.132.14 94,537.58 94,920.72 95,286.75 95,642.95 96,007.54 96,394.81 96,825.04 97,329.66 $8.045 $7.61 S $7.19 $ $6.795 $6.41 $ $6.04 $ $5.69 $ $5.34 $ $5.02 $ $4.70 5 $4.40 $ $4.125 $3.849 $3.575 $3.28 $ $2.97 S $2.63 $ $2.22 $ APLII TRADITIONAL WHOLE LIFE PARTICIPATING WHOLE LIFE CURRENT ASSUMPTION WHOLE LIFE L O P Q M N MODAL Premium Calculation R S Annual 1 $10.59 Semiannual 2 $10.64 Quarterly 4 $10.67 Monthly 12 $10.69 Net Level Premium Adjusted Premium (CRVM) Annual Premium Dth.Ben. Expense Contribution Margin Annual Expense @Dth. Ben $11.29 $1,129.27 $0.70 $70.19 $11.35 $1,135.06 $0.71 $70.74 $11.38 $1,137.97 $0.71 $71.01 $11.40 $1,139.92 $0.71 $71.20 PV Expected Annuity Due $1 32.944760 32.863412 32.809255 Effective Interest Rate Factor PV Periodic Premiums 0 1.009950 16.553928 16.390831 1 2 3 1.004963 8.276964 8.236089 8.195416 8.154943 4 5 1.001652 2.758988 2.754439 2.749897 2.745363 2.740836 2.736317 2.731805 2.727301 2.722804 2.718314 2.713832 2.709358 6 7 9 10 11 Demo equal NSP $70.39 $70.49 $70.55 PV NLP $10.59 $10.59 $10.59 Slowly as the ages increased over time. The mortality rates increased. This goes for life in general, but smoking undoubtably increases the mortality rate. 2) Review the CSO tables on the APLII Base Information (AF to AX] a. What is the Percentage Probability of Premature Death based on the 2017 CSO Table by Risk Rate Class [D3]? MALE FEMALE AGE PREFERRED_STANDARD_SMOKER PREFERRED_STANDARD_SMOKER 23 43 63 83 a. List observations with respect to the change in mortality rates over time or by risk rate class. 3. Estimate the Life Expectancies, Number of Years Number of Months (Traditional D G TRADITIONAL WHOLE LIFE At Date of issue Age of Valuation PROSPECTIVE METHOD PVFB IPV of Futule Death Benefits] = NSP (Net Single Premium] = PVFP [PV of Future Premium Payments] PVFB [PV Future Death Benefits] = PVFP [PV Future Premium Payments) + TERMINAL RESERVE NLP (Net Level Premium] = NSP (Net Single Premium]/PVLAD [PV Life Annuity Due=PV Expected Premium Payments) TERMINAL RESERVE = NSP . PVFP = NSP - INLP "PVFP (for remaining Premium Payment Period)) CASH VALUE - NSP . PVFP (Adjusted) = NSP - Adjusted Premium NLP PVFP (for remaining Premium Payment Period) PAID-UP INSURANCE - CASH VALUE / NSP (Age of Valuation) $350.64 NLP, Net Level Premium - $10.59 NLP, Net Level Premium + 1 Year - $10.89 $33.11 Amortized Expense Allowance $0.70 Annualized Expense @Dth.Ben. $ 70.19 2.00% Adjusted Premium (CRVM) $11.29 Non-Forfeiture Factor Annual Premium Goth. Ben $1,129.27 - Guideline Level Premium NSP, Net Single Premium /1000 = 0 PVLAD, PV Life Annuity Due $1 = 11 Guaranteed Interest Rate = 12 NUMBER OF PROPORTION PROPORTION NUMBER OF INSURED DEATHS/1000 UVING PAYING 14 AGE DEATHS PREMIUMS 15 23 1 1.03 1.03000 1.00000 16 24 0.99897 1.05 1.04892 0.99897 17 25 0.99792 1.07 1.06778 0.99792 18 26 0.99685 1.12 1.11648 0.99685 19 27 0.99574 1.17 1.16501 0.99574 20 28 0.99457 1.17 1.16365 0.99457 21 29 0.99341 1.15 1.14242 0.99341 22 30 0.99227 1.14 1.13110 0.99227 23 31 0.99113 1.13 1.11998 0.99113 24 32 0.99001 1.13 1.11872 0.99001 25 33 0.98890 1.15 1.13723 0.98890 20 34 0.96776 1.18 1.16556 0.98776 27 35 0.98650 1.21 1.19378 0.98650 28 36 0.98540 1.28 1.26131 0.98540 29 37 0.98414 1.34 1.31874 0.98414 30 38 0.98282 1.41526 0.98282 39 0.98140 1.54 1.51136 0.98140 32 40 0.97989 1.65 1.61682 0.97989 33 41 0.97828 1.79 1.75111 0.97828 34 0.97652 1.96 1.91399 0.97652 35 43 0.97461 2.15 2.09541 0.97461 36 0.97252 2.39 2.32431 0.97252 37 45 0.97019 2.65 2.57101 0.97019 38 46 0.96762 2.90 2.80610 0.96762 39 0.96481 3.17 3.05846 0.96481 40 48 0.96176 3.33 3.20265 0.96176 0.95855 3.52 3.37411 0.95855 42 50 0.95518 3.76 3.59147 0.95518 51 0.95159 4.00 3.86344 0.95159 44 52 0.94772 4.47 4.23633 0.94772 APLI TRADITIONAL WHOLE LIFE NSP PVLAD - PV UFE TERMINAL PAID-UP NET SINGLE CASH VALUE RESERVE ANNUITY DUE 15 INSURANCE PREMIUM $350.64 $33.11 $ $ $356.99 $32.78 $ 978.27 $ $ $363.46 $32.45 $ 1,975.18 $ $ $370.06 $32.12 $ 2,991.14 $ 736.84 $ 1.991.16 $376.76 $31.77 $ 4,023.74 $ 1,793.44 4,760.18 $383.57 $31.43 $ 5,073.41 $ 2,867.53 $ 7.475.82 $390.53 $31.07 6,145.33 S 3,064.37 $ 10,151.21 $397.65 $30.71 $ 7,241.83 $ 5,086.37 $ 12,791.07 $404.92 $30.34 $ 8,362.47 6,233.06 5 15,393.14 $412.36 $29.96 $ 9,507.72 7,404.05 6 17,957.52 $419.95 $29.57 $ 10,677.21 $ 8,601.62 $ 20,482.46 $427.69 $29.18 11,869.678 9,821.81 22,964.70 $435.58 $26.77 $ 13,084.76 $ 11,065.16 $ 25,403.31 $443.62 $28.36 $ 14,323.05 $ 12,332.25 $ 27.799.25 $451.79 $27.95 $ 15,581.72 5 13,620.18 $ 30,147.25 $460.10 $27.526 16,862.22 S 14,930.45 32,450.39 $468.54 $27.00 $ 18,161.88 $ 16,260.33 $ 34,704.44 $477.10 $26.65 $ 19,481.38 17,610.525 36,911.35 $485.80 $26.21 $ 20,820.63 $ 18,980.91 S 39,071.71 $494.61 $25.76 $ 22,178.00 $ 20,369.84 41,183.82 $503.53 $25.31 $ 23,551.99 $ 21,775.78 6 43, 246.50 $512.55 $24.85 $ 24,941.92 $ 23,198.03 $ 45,260.07 $521.66 $24.38 $ 26,344.99 $ 24,633.72 47,222.04 $530.85 $23.91 $ 27.760.71 $ 26,082.375 49,133.49 $540.13 $23.44 $ 29,190.85 $ 27,545.76 $ 50,998.35 $549.51 $22.96 $ 30,635.04 $ 29,023.54 S 52,817.61 $559.03 $22.47 $ 32,101.90 $ 30,524.525 54,602.97 $568.69 $21.98 $ 33,590.455 32,047.67 5 56,353.60 $578.48 $21.48 35,098.49 $ 33,500.79 $ 58,067.54 $588.38 $20.97 $ 36,623.41 $ 35,151.17 S 59,742.68 PARTICIPATING WHOLE LIFE CURRENT ASSUMPTION WHOLE LIFE H A B LUTUT 4.06 4.47 4.93 5.50 6.17 6.88 7.64 8.27 8.99 10.94 12.25 43 51 44 52 45 53 46 54 47 55 48 56 49 57 50 58 51 59 52 80 53 61 54 62 55 63 56 65 58 50 67 50 68 61 69 62 70 63 71 04 72 66 73 66 74 67 TS 68 76 69 77 70 78 71 79 72 80 81 74 82 75 76 77 85 78 86 79 87 28 81 89 90 83 91 92 85 86 94 95 0.95159 0.94772 0.94349 0.93884 0.93367 0.92791 0.92153 0.91449 0.90692 0.89677 0.88991 0.88017 0.86939 0.85747 0.84440 0.83018 0.81484 0.79847 0.78103 0.76256 0.74201 0.72200 0.69939 0.67517 0.64946 0.62224 0.59357 0.56335 0.53148 0.49797 0.46304 0.42683 0.38990 0.35266 0.31540 0.27870 0.24277 0.20822 0.17558 0.14540 0.11812 0.00420 0.07368 0.05644 0.04227 3.86344 4.23633 4.65139 5.16300 5.76076 6.38403 7.04047 7.56281 8.15325 8.86188 9.73561 10.78213 11.91936 13.06788 14.22821 15.33335 16.37019 17.44662 18.46345 19.65123 20.91295 22.61299 24.21272 25.71057 27.2.1895 28.67290 30.22450 31.86282 33.51530 34,92743 36.20509 36.93829 37.23902 37.18068 36.77514 35.92744 34.55892 32.63359 30.17899 27.28628 23.91150 20.52067 17.24508 14.17415 11.37649 13.71 15.24 16.85 18.47 20.09 21.85 23.64 25.77 28.15 31.32 34.62 38.08 41.91 46.00 50.92 56.56 63.06 70.14 78.19 86.54 95.51 105.43 116.57 128.91 142.35 156.73 171.88 187.66 202.44 217.83 234.04 251.14 269.17 RETU 0.95159 0.94772 0.94349 0.93884 0.93367 0.92791 0.92153 0.91449 0.90692 0.89877 0.88901 0.88017 0.86939 0.85747 0.84440 0.83018 0.81484 0.79847 0.78103 0.76256 0.74291 0.72200 0.69939 0.67517 0.64946 0.62224 0.59357 0.56335 0.53148 0.49797 0.46304 0.42683 0.38990 0.35266 0.31548 0.27870 0.24277 0.20822 0.17550 0.14540 0.11812 0.01420 0.07368 0.05644 0.04227 UBE $578.48 $588.38 $598.35 $608.38 $618.45 $628.53 $638.62 5648.70 $658.86 5669.06 $679.28 $689.47 $699.57 $709.58 $719.50 $729.33 $739.10 $748.83 $758.54 $768.23 $777.87 $787.44 $796.83 $806.05 $815.13 $824.00 $832.84 $841.42 $849.75 $857.77 $865.50 $872.86 1879.93 $886.71 $893.18 $899.31 $905.06 $910.40 $915.34 $919.88 $924.01 $927.90 $931.55 $934,95 $938.11 G 4U $21.485 $20.97 $ $20.47 $ $19.95 $19.44 5 $18.93 $ $18.41 $ $17.90 $ $17.38 $ $16.86 $ $16.33 $ $15.81 $ $15.30 $ $14.79 $ $14.28 $ $13.785 $13.28 $ $12.78 5 $12.28 5 $11.79 $ $11.30 $ 310.81 $ $10.33 $ $0.85 39.39 $ $0.00 $ 35,098.49 $ 36,623.41 $ 38,159.72 S 39,705.93 41,257.23 $ 42,809.775 44,363.45 S 45,917.80 $ 47,482.09 $ 49,053.99 $ 50,628.54 $ 52,198.42 $ 53,756.17 55,298.70 $ 56,826,98 $ 58,341.84 5 59,847.33 $ 61,348.02 $ 62,843.375 64,337.44 $ 65,823.73 $ 67,299.96 68,747.39 $ 70,169.89 $ 71,570.97 $ 72,048.94 $ 74,304.12 $ 75,629.52 $ 76,916.79 $ 78,158.04 $ 79,353.30 $ 80,495.58 $ 81,592.80 $ 82.647.59 $ 83,667.85 84,618.22 $ 85,524.865 86,376.29 $ 87,173.83 $ 87,921.525 88,625.72 $ 89,315.53 $ 90,004.87 $ 90,711.30 $ 91,461.41 $ 33,590.79 $ 35,151.17 S 36,723.21 $ 38,305.38 39,892.75 $ 41,481.41 $ 43,071.22 $ 44,661.72 5 46,262.40 S 47,870.87 $ 49,482.04 $ 51,088.44 $ 52.662.43 $ 54,260.85 6 55,824.70 $ 57,374.82 $ 58,915.34 $ 60,450.96 $ 61,981.13 63,509.98 65,030.89 $ 66,541.51 $ 68,022.66 $ 69,478.32 $ 70,912.07 $ 72,322.19 $ 73,709.01 S 75,065.37 $ 76,382.75 $ 77,653.06 $ 78,876.37 $ 80,045.52 $ 81,168.62 $ 82,248.39 $ 83,282.72 $ 84,266.13 $ 85,194.77 $ 86,067.19 $ 86,884.85 $ 87,652.04 $ 88,375.48 $ 89,085.276 89,796.13 5 90,526.80 $ 91,305.71 $ 58,067.54 59,742.68 61,374.29 62,962.43 64,504.01 65,997.39 67.444.71 68,847.65 70,216.21 71,549.61 72,845.12 74,098,61 75,306,37 76,468.48 77,588.02 78,667.76 79,712.43 80,726.72 81,711.60 82,670.87 83,601.55 84,503.50 85,367.00 86,196.24 86,994.89 87,763.47 88,503.50 89,212.94 89,888.69 90,528.54 91,134.33 91,704.35 92,244.24 92,756.83 93,242.69 93,701.06 94.132.14 94,537.58 94,920.72 95,286.75 95,642.95 96,007.54 96,394.81 96,825.04 97,329.66 $8.045 $7.61 S $7.19 $ $6.795 $6.41 $ $6.04 $ $5.69 $ $5.34 $ $5.02 $ $4.70 5 $4.40 $ $4.125 $3.849 $3.575 $3.28 $ $2.97 S $2.63 $ $2.22 $ APLII TRADITIONAL WHOLE LIFE PARTICIPATING WHOLE LIFE CURRENT ASSUMPTION WHOLE LIFE L O P Q M N MODAL Premium Calculation R S Annual 1 $10.59 Semiannual 2 $10.64 Quarterly 4 $10.67 Monthly 12 $10.69 Net Level Premium Adjusted Premium (CRVM) Annual Premium Dth.Ben. Expense Contribution Margin Annual Expense @Dth. Ben $11.29 $1,129.27 $0.70 $70.19 $11.35 $1,135.06 $0.71 $70.74 $11.38 $1,137.97 $0.71 $71.01 $11.40 $1,139.92 $0.71 $71.20 PV Expected Annuity Due $1 32.944760 32.863412 32.809255 Effective Interest Rate Factor PV Periodic Premiums 0 1.009950 16.553928 16.390831 1 2 3 1.004963 8.276964 8.236089 8.195416 8.154943 4 5 1.001652 2.758988 2.754439 2.749897 2.745363 2.740836 2.736317 2.731805 2.727301 2.722804 2.718314 2.713832 2.709358 6 7 9 10 11 Demo equal NSP $70.39 $70.49 $70.55 PV NLP $10.59 $10.59 $10.59