(25 points) A participating ordinary life policy in the amount of $10,000 is sold to...
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(25 points) A participating ordinary life policy in the amount of $10,000 is sold to an individual, age 35 . The following cost data are given: a. Based on this information, compute the annual net cost per $1000 of life insurance at the end of 20 years using the traditional net cost method. b. Compute the annual surrender cost index per $1000 of life insurance at the end of 20 years
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