a. ZISC Life Insurance Company issues a special endowment assurance policy for a 25 year term to two lives I and y. Under this policy, a sum assured of K100,000 is paid immediately on the second death within the 25 year term. At the end of 25 years a sum of K50,000 is paid to each survivor. Calculate the annual premium paid continuously under this policy assuming this is paid throughout the term or until the second death if earlier. Basis: Mortality Life x:= 0.02 for all x Life y: -0.03 for all y Force of interest Expenses 5% per annum Nil