An insurer prices disability income insurance using the sickness–death model. A 10-year policy issued to (50) provides an income of ✩35,000 payable continuously while sick, and a death benefit of ✩200,000 immediately on death (from either live states). Premiums are payable continuously at a level rate while the policyholder is healthy. The insurer uses the Standard Sickness–Death Model, with interest at 5% per year. Calculate the annual net premium. Calculate the state-dependent net premium policy values at time 9.