Answer is C

For a fully discrete 10-year deferred whole life insurance of 100,000 on (30), you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) i = 5% (iii) The net level premium is payable for 10 years. (iv) The gross premium is 120% of the net level premium. (v) Expenses, all incurred at the beginning of the year, are as follows: Policy Year Percent of gross premium Per policy 1 10% 100 2-10 3% 40 11 and later 0% 40 (vi) Lo is the present value of future losses at issue random value. Calculate E[L]. A. -134 B. -196 C. -302 D. -420 E. -582