Question: 5. (Based on question 6.43 from the SOA list.) For a fully discrete, 10-year term life insurance of 200,000 on (30) with annual payments for

5. (Based on question 6.43 from the SOA list.) For a fully discrete, 10-year term life insurance of 200,000 on (30) with annual payments for 10 years, you are given: c) Mortality follows the Standard Ultimate Life Table, The following expenses are incurred at the beginning of each respective year: (11) Year 1 Percent of Premium 5% 30% 0% Per Policy Years 2 - 10 Percent of Premium Per Policy 5% 0 10% 0 0% 4 Taxes Commissions Maintenance OO 00 i=0.05 Calculate the annual gross premium using the equivalence principle. (A) 90 (B) 100 (C) 110 (D) 120 (E) 130

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