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revAdmin (Created page with "For a fully discrete whole life insurance of 1 on (50), you are given: (i) Expenses of 0.20 at the start of the first year and 0.01 at the start of each renewal year are incurred (ii) Mortality follows the Standard Ultimate Life Table (iii) <math>\quad i=0.05</math> (iv) Gross premiums are determined using the equivalence principle. Calculate the variance of <math>L_{0}</math>, the gross loss-at-issue random variable. <ul class="mw-excansopts"><li> 0.023</li><li>0....")Jan 19'24 at 1:39+557