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Using the Appendix D (The Standard Ultimate Survival Model at i=5%), Consider a whole life...

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Accounting

Using the Appendix D (The Standard Ultimate Survival Model at i=5%),

Consider a whole life insurance with sum insured of $100,000 payable at the end of the year of death, issued to a life aged 35. Annual premiums are paid at the begining of the year for a duration of time which is the earliest of the death of the person or 20 years. Calculate the annual premium using the equivalence principle

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