Question: ou are given the following information for a Type B universal life contract: Policy Annual Percent of Annual Additional Annual Annual Annual Year Premium Premium
ou are given the following information for a Type B universal life contract: Policy Annual Percent of Annual Additional Annual Annual Annual Year Premium Premium Expense Death Cost of Discount Credited Charge Charge Benefit Insurance Rate Interest Charge for CoI Rate 1 3000 20% 30 100,000 0.010 4% 5% 2 2500 8% 30 100,000 0.015 4% 5.20% Calculate the account value at the end of one year and at the end of two years. Hint: Annual cost of insurance charge represents the annual probability of deat
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