2. Use the following table to calculate the minimum premium an insurance company should charge for a $2 million two-year term life insurance contract issued to a 50-year old female. Assume the premium is paid at the beginning of each year and death takes place halfway through the year. Discount rate is 5% per annum with semi-annual compounding. Male Female Age P(Death) P(survival) P(Death) P(survival) 0.0050 0.9294 0.0055 0.9247 0.00600.9196 0.0032 0.0035 0.0038 0.9583 0.9552 0.9519 2. Use the following table to calculate the minimum premium an insurance company should charge for a $2 million two-year term life insurance contract issued to a 50-year old female. Assume the premium is paid at the beginning of each year and death takes place halfway through the year. Discount rate is 5% per annum with semi-annual compounding. Male Female Age P(Death) P(survival) P(Death) P(survival) 0.0050 0.9294 0.0055 0.9247 0.00600.9196 0.0032 0.0035 0.0038 0.9583 0.9552 0.9519