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For a 10-year term insurance of 10,000 with death benefits payable at the end of...

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Accounting

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For a 10-year term insurance of 10,000 with death benefits payable at the end of the year of death of (30), you are given: i Al- = 0.015 30:10 S. ii. z0:10 u 10 E30 = 0.604 ini = 0.05 * Deaths are uniformly distributed over each year of age. vi Level net premiums are determined in accordance with the equivalence principle. Calculate the additional annual premium for this insurance if premiums are paid in monthly rather than semi-annual installments. Calculate the additional annual premium for this insurance if premiums are paid in monthly rather than semi-annual installments. A 0.05 B 0.10 El 0.15 D 0.20 E 0.25

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