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43499, 500777609 An endowrrent assurance contract with a term of 10 years pays a sum assured of 100.000 immediately on death and a sum of

43499, 500777609

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An endowrrent assurance contract with a term of 10 years pays a sum assured of 100.000 immediately on death and a sum of 50,000 on survival for 10 years Calculate the expected present value and variance of this contract. Basis: Mortality -0.03 throughout Rate of interest 5% per annum 18] Very lengthy sum atleast 12 page

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