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| rev | Admin | (Created page with "For a fully discrete whole life insurance of 1000 on <math>(x)</math>, you are given: (i) The following expenses are incurred at the beginning of each year: {| class="table table-bordered" ! !! Year 1 !! Years 2+ |- | Percent of premium || <math>75 \%</math> || <math>10 \%</math> |- | Maintenance expenses || 10 || 2 |} (ii) An additional expense of 20 is paid when the death benefit is paid (iii) The gross premium is determined using the equivalence principle (iv) <...") | Jan 19'24 at 0:49 | +757 |