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(iv)Mortality follows the Standard Ultimate Life Table. (v)0.05iCalculate the amount of the death benefit. (A)23,300 (B)23,400 (C)23,500 (D)23,600 (E)23,700 [This is a modified version of Question 17 on the Spring 2015 Multiple Choice exam.]
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July 3, 2018 Page 74 7.1.For a special fully discrete whole life insurance on (40), you are given: (i)The death benefit is 50,000 in the first 20 years and 100,000 thereafter. (ii)Level net premiums of 875 are payable for 20 years. (iii)Mortality follows the Standard Ultimate Life Table. (iv)0.05iCalculate 10,Vthe net premium reserve at the end of year 10 for this insurance. (A)11,090 (B)11,120 (C)11,150 (D)11,180 (E)11,210 [This is a modified version of Question 4 on the Fall 2012 Multiple Choice exam.]