Answered You can hire a professional tutor to get the answer.
For a 30-year fully discrete term life insurance with face amount 1000 on (35), you are given:
For a 30-year fully discrete term life insurance with face amount 1000 on (35), you are given: • Premiums are calculated using the equivalence principle; • Premiums are payable for 15 years; • Mortality follows the Illustrative Life Table; • i = 0.06 Calculate the annual net premium.