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| rev | Admin | (Created page with "For a fully discrete whole life insurance of 100,000 on (45), you are given: (i) The gross premium policy value at duration 5 is 5500 and at duration 6 is 7100 (ii) <math>\quad q_{50}=0.009</math> (iii) <math>\quad i=0.05</math> (iv) Renewal expenses at the start of each year are 50 plus <math>4 \%</math> of the gross premium. (v) Claim expenses are 200. Calculate the gross premium. <ul class="mw-excansopts"><li> 2200</li><li> 2250</li><li> 2300</li><li> 2350</li>...") | Jan 20'24 at 1:30 | +517 |