A small popietary life insurance company iss Planning the launch of a new single Premium with-potitus Pugie endowment pension contract, to take advantage of mene legislation. This legislation allows favourable tax treatment of premiums fou Policyholders with Pune endowment Policies of team at least ten years and maturity at age 60. The insurer currently has some with-profits business, which users the gevalouivation method that ins Potevalent in the country concerned. However, the company decides to urse the Uk-style accumulating with protits bonus system for the new product. The death and maturity benefit under the policy will be the value of the benefit fund, plus any terminal bonus Payable at the time of claim. (1) Discuss how the pricing of the product might allow for the operation of this surplus distribution method, including how the cost of any guaranteers might be incorporated () Dexcoribe the majo9 tiskus to the company that allirse 3040m the adoption of this bonus system. (m) Discursos how the bonus is yestent will affect the financial management of this puoduct. 1200 wou dus minimum