2. (15 points) For an anual premium 20-year endowment insurance of 10,000 on (55), you are given (i) Benefits are paid at the end of the year of death. (ii) A55:20 = 0.40, A60:201 = 0.45 (iii) 855:20 = 15, 760:15) = 13.75 (iv) Expenses on the policy are as follows: year 1: 40% of premium and 100 per policy year 2+: 10% of premium and 15 per policy (v) Expenses are paid at the beginning of the year. (vi) The gross premium is calculated using the equivalence principle. Calculate the expense loading(gross premium - net premium). 2. (15 points) For an anual premium 20-year endowment insurance of 10,000 on (55), you are given (i) Benefits are paid at the end of the year of death. (ii) A55:20 = 0.40, A60:201 = 0.45 (iii) 855:20 = 15, 760:15) = 13.75 (iv) Expenses on the policy are as follows: year 1: 40% of premium and 100 per policy year 2+: 10% of premium and 15 per policy (v) Expenses are paid at the beginning of the year. (vi) The gross premium is calculated using the equivalence principle. Calculate the expense loading(gross premium - net premium)