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| rev | Admin | (Created page with "For a whole life insurance of 1000 with semi-annual premiums on (80), you are given: (i) A gross premium of 60 is payable every 6 months starting at age 80 (ii) Commissions of <math>10 \%</math> are paid each time a premium is paid (iii) Death benefits are paid at the end of the quarter of death (iv) <math>{ }_{t} V</math> denotes the gross premium policy value at time <math>t, t \geq 0</math> (v) <math>\quad{ }_{10.75} V=753.72</math> (vi) {| class="table table-b...") | Jan 20'24 at 1:09 | +797 |