You are given the following mortality table: 91 900 90 92 93 94 95 1000 720...

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You are given the following mortality table: 91 900 90 92 93 94 95 1000 720 432 216 For a special fully discrete 4-year term insurance issued to (91), you are given • i = 4% The death benefit during the first two years is 1000 The death benefit during the second two years is 500 The annual benefit premium for the first two years is twice the annual benefit premium for the last two years. The annual benefit premium for the last two years is P. (i) Calculate P. (10 marks) (ii) Calculate V. You are given the following mortality table: 91 900 90 92 93 94 95 1000 720 432 216 For a special fully discrete 4-year term insurance issued to (91), you are given • i = 4% The death benefit during the first two years is 1000 The death benefit during the second two years is 500 The annual benefit premium for the first two years is twice the annual benefit premium for the last two years. The annual benefit premium for the last two years is P. (i) Calculate P. (10 marks) (ii) Calculate V.