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rev | Admin | (Created page with "For a special whole life insurance of 100,000 on (40), you are given: (i) The death benefit is payable at the moment of death (ii) Level gross premiums are payable monthly for a maximum of 20 years (iii) Mortality follows the Standard Ultimate Life Table (iv) <math>\quad i=0.05</math> (v) Deaths are uniformly distributed over each year of age (vi) Initial expenses are 200 (vii) Renewal expenses are <math>4 \%</math> of each premium including the first (viii) Gross...") | Jan 19'24 at 2:11 | +685 |