1) Consider a 2 year term insurance with sum insured $2000 issued to a select life aged 55. The benefit is payable at the end of the quarter of death. Deaths are uniformly distributed and mortality follows the life tabl given below. Calculate the EPV of the benefit given the interest rate is i=3%. [x] x+2 8127 8007 57 58 8300 8008 55 56 57 7941 8120 8000 7940 7830 59