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| rev | Admin | (Created page with "For a fully discrete whole life insurance of 1000 on (35), you are given: (i) First year expenses are <math>30 \%</math> of the gross premium plus 300 (ii) Renewal expenses are <math>4 \%</math> of the gross premium plus 30 (iii) All expenses are incurred at the beginning of the policy year (iv) Gross premiums are calculated using the equivalence principle (v) The gross premium policy value at the end of the first policy year is <math>R</math> (vi) Using the Full P...") | Jan 20'24 at 1:32 | +820 |