Image transcription text
9. A fully discrete n payment whole life insurance policy is issued to (x) . The expenses on the policy are :
Sales commission 6% of gross premium Tax 4% of gross premium Per policy $30 in Ist year , $5 in n-1
subsequent years Claim settlement $15 Given that Ax = .3, Aj. =.1, Axt =.4 and i=.06, which of the … Show more
Sales commission 6% of gross premium Tax 4% of gross premium Per policy $30 in Ist year , $5 in n-1
subsequent years Claim settlement $15 Given that Ax = .3, Aj. =.1, Axt =.4 and i=.06, which of the … Show more
