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(3) Whole life insurance is available in different
forms to meet both the savings and the protection needs. It is a contract under which the
subject of the insurance is covered for an entire life regardless of the number of
premiums scheduled to be paid.
(I) Whole Life (WL): benefit is payable when the
insured is dead. Maturity is infinity (covered for life).
Therefore, for WL
Find an expression in terms of (i) a whole life insurance of $100,000
payable at the end of the year of death issued to a
person aged 20;
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and 
of
the actuarial present values of benefit for 
