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revAdmin (Created page with "For a fully discrete whole life insurance of 10,000 on (45), you are given: (i) Commissions are <math>80 \%</math> of the first year premium and <math>10 \%</math> of subsequent premiums. There are no other expenses (ii) Mortality follows the Standard Ultimate Life Table (iii) <math>i=0.05</math> (iv) <math>{ }_{0} L</math> denotes the loss at issue random variable (v) If <math>T_{45}=10.5</math>, then <math>{ }_{0} L=4953</math> Calculate <math>\mathrm{E}\left[{ }...")Jan 19'24 at 0:50+592