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The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales commission

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The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales commission is 40% of the gross premium in the first year; renewal commissions are 5% of the gross premium in years 2 through 10 only, and 0% thereafter; per policy expenses are $12.50 per $1,000 of benefit in the first year and $2.50 per $1,000 of benefit thereafter; . i = 4%; and the following table of annuity values: 30 7 10 8.409 2014.010 30 17.626 Calculate the expense-loaded annual premium The expense-loaded annual premium for a 30-year endowment policy of $10,000 issued to (30) is to be computed based on the following assumptions: sales commission is 40% of the gross premium in the first year; renewal commissions are 5% of the gross premium in years 2 through 10 only, and 0% thereafter; per policy expenses are $12.50 per $1,000 of benefit in the first year and $2.50 per $1,000 of benefit thereafter; . i = 4%; and the following table of annuity values: 30 7 10 8.409 2014.010 30 17.626 Calculate the expense-loaded annual premium

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