Question

For a fully discrete 20 pay whole life insurance policy of $1000 on (x), given i=6% and qx+19=0.01254. You are also told that the net annual premium is $13.72, the net level reserve at the end of year 19 is 342.03. What would be a net annual premium for a fully discrete whole life insurance policy with a face amount of $1000 issued to someone aged x+20?

Answer 1