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100% correct and well explained or else skip please Consider a 10-year term assurance and a 10-year pure endowment, both providing a lump sum benefit

100% correct and well explained or else skip please

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Consider a 10-year term assurance and a 10-year pure endowment, both providing a lump sum benefit of 50,000. Explain which policy would have higher premiums, if both policies are sold to an individual currently aged: (a) 40 (b) 90

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