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You are given: (i) Premiums are calculated using the equivalence principle. (ii) Mortality follows the Illustrative Life Table. (iii) = 0.06. Calculate the annual benefit

You are given: (i) Premiums are calculated using the equivalence principle. (ii) Mortality follows the Illustrative Life Table. (iii) = 0.06. Calculate the annual benefit premium for a 30-year fully discrete term insurance on (35) with 15 annual premium payments having a level death benefit of 1000.

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