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| rev | Admin | (Created page with "An insurer issues a special 20 payment insurance policy on (45) with the following benefits: - A death benefit of 1000 , payable at the end of year of death, provided death occurs before age 65 ; and - An annuity benefit that pays 2500 at the start of each year, starting at age 65 You are given: i) Level annual premiums of <math>P</math> are paid at the beginning of each year ii) Premiums are calculated based on the equivalence principle iii) Mortality follows the St...") | Jan 19'24 at 2:15 | +674 |