Basis: Interest rate 4% Mortality RPH-2014 Disabled Retiree without table mortality improvement. Payment Life insurance paid at the end of year timing of death and premium payments are made at the beginning of the year Given the following values: Value Actuarial value of 10-year term life 0.122616 insurance for age 55 Actuarial value of 10-year erm life 7.9192 annuity for age 55 Expenses: Value Underwriting 3,000 Commission as a percent of first 75% premium Renewal expense as a percentage of 10% subsequent premiums Using equivalence principle, find the annual premium for a 100,000 10-year term life insurance for the above policyholder with the benefit and expenses described above: Calculate the present value of the profit for this policy if the policy holder survives the term (express profit as a negative number): You may answer rounded to the nearest 100. Basis: Interest rate 4% Mortality RPH-2014 Disabled Retiree without table mortality improvement. Payment Life insurance paid at the end of year timing of death and premium payments are made at the beginning of the year Given the following values: Value Actuarial value of 10-year term life 0.122616 insurance for age 55 Actuarial value of 10-year erm life 7.9192 annuity for age 55 Expenses: Value Underwriting 3,000 Commission as a percent of first 75% premium Renewal expense as a percentage of 10% subsequent premiums Using equivalence principle, find the annual premium for a 100,000 10-year term life insurance for the above policyholder with the benefit and expenses described above: Calculate the present value of the profit for this policy if the policy holder survives the term (express profit as a negative number): You may answer rounded to the nearest 100