(5) c. A policyholder has a regular premium unit-linked endowment assurance contract, which was sold to her in conjunction with a mortgage on her property. She intends to use the endowment assurance to pay off the capital on the mortgage at the end of the mortgage term, or on earlier death. Describe the cashflows on the endowment contract, from the perspective of the policyholder. [4] Every two years, the policyholder receives a progress report from the life insurance company to illustrate whether the endowment is on track to pay off the mortgage on maturity (ii) Outline the items of information that you would expect to see in this report. [6] [Total 10] D. (5) c. A policyholder has a regular premium unit-linked endowment assurance contract, which was sold to her in conjunction with a mortgage on her property. She intends to use the endowment assurance to pay off the capital on the mortgage at the end of the mortgage term, or on earlier death. Describe the cashflows on the endowment contract, from the perspective of the policyholder. [4] Every two years, the policyholder receives a progress report from the life insurance company to illustrate whether the endowment is on track to pay off the mortgage on maturity (ii) Outline the items of information that you would expect to see in this report. [6] [Total 10] D