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| rev | Admin | (Created page with "For a fully discrete 20 -year term insurance of 100,000 on (50), you are given: (i) Gross premiums are payable for 10 years (ii) Mortality follows the Standard Ultimate Life Table (iii) <math>\quad i=0.05</math> (iv) Expenses are incurred at the beginning of each year as follows: {| class="table table-bordered" ! !! Year 1 !! Years 2-10 !! Years 11-20 |- | Commission as % of premium || <math>40 \%</math> || <math>10 \%</math> || Not applicable |- | Premium taxes as...") | Jan 19'24 at 0:38 | +832 |