For a special three-year term insurance on (45), you are given: i. The death benefit is payable at the end of the year of death. ii. The death benefit is 550,000 for the first year, and 600,000 for the next 2 years. iii. Annual gross premiums, as determined using the equivalence principle, are payable at the beginning of each year. iv. The premium for the first year is 4770, and premiums increase by 8% each year, compounded annually. v. Percent of premium expenses are 12% per year. vi. Per policy expenses are m per year, payable at the beginning of the year for the term of the insurance. vii. Additional annual expenses are 3.50 per 1000 of face amount, payable at the beginning of each year for the term of the insurance. viii. Mortality follows the Standard Ultimate Life Table ix. i = 0,05 Calculate m. A 1025 B 1275 1525 D 1775 2025 For a special three-year term insurance on (45), you are given: i. The death benefit is payable at the end of the year of death. ii. The death benefit is 550,000 for the first year, and 600,000 for the next 2 years. iii. Annual gross premiums, as determined using the equivalence principle, are payable at the beginning of each year. iv. The premium for the first year is 4770, and premiums increase by 8% each year, compounded annually. v. Percent of premium expenses are 12% per year. vi. Per policy expenses are m per year, payable at the beginning of the year for the term of the insurance. vii. Additional annual expenses are 3.50 per 1000 of face amount, payable at the beginning of each year for the term of the insurance. viii. Mortality follows the Standard Ultimate Life Table ix. i = 0,05 Calculate m. A 1025 B 1275 1525 D 1775 2025