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| rev | Admin | (Created page with "For a fully discrete whole life insurance policy of 100,000 on (35), you are given: (i) First year commissions are <math>19 \%</math> of the annual gross premium (ii) Renewal year commissions are <math>4 \%</math> of the annual gross premium (iii) Mortality follows the Standard Ultimate Life Table (iv) <math>i=0.05</math> Calculate the annual gross premium for this policy using the equivalence principle. <ul class="mw-excansopts"><li> 410</li><li> 450</li><li> 490<...") | Jan 19'24 at 1:59 | +533 |