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Calculate the annual net premium assuming udd

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Reference no: EM132763653

Consider a Whole life insurance issued to (40) where the death bene?t of $50,000 is paid at the moment of death. Premiums of P are paid at the beginning of every year. Assume that mortality follows the standard ultimate life table and an annual effective interest rate of 5%.

Problem 1: Calculate the annual net premium assuming UDD.

Reference no: EM132763653

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