Question: You are given: - Premiums are calculated using the equivalence principle. - Mortality follows the Illustrative Life Table. - i = 0.06 Calculate the annual

You are given:

- Premiums are calculated using the equivalence principle.

- Mortality follows the Illustrative Life Table.

- i = 0.06

Calculate the annual benefit premium for a 30-year fully discrete term insurance on (35) with 15 annual premium payments having a level death benefit of 1000.

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