Assume the Standard Select Survival Model and an effective annual interest rate of i=0.05 A whole life insurance policy purchased by [45 offers a death benefit of $90,000 payable at the end of the year of . The policy also regures annual $ initial expense of $6750 $6750 along comissions of peo 30 of the first premium and S. 75% of all subsequent premiums. Use the equivalence principle to find the amount of the annual (gros) premium IP- Answer to .2 decimal places P. Assume the Standard Select Survival Model and an effective annual interest rate of i=0.05 A whole life insurance policy purchased by [45 offers a death benefit of $90,000 payable at the end of the year of . The policy also regures annual $ initial expense of $6750 $6750 along comissions of peo 30 of the first premium and S. 75% of all subsequent premiums. Use the equivalence principle to find the amount of the annual (gros) premium IP- Answer to .2 decimal places P