Consider the following special fully discrete 2--pay whole life insurance on (40) with death benefit of 1:
a) There is a return of premium with interest at the end of the year of death if death occurs during the initial ten years. If death occurs during years eleven through twenty then only the initial ten premium payments are returned with interest.
b) THe level benefit premium is assumed.
c) The mortality follows the Illustrative Life Table and i = 6%.