Actuarial mathematics of personal insurance 1 2. A 25-year-old person takes out endowment insurance 30. Which has a SA for death of 500,000 and a survival SA of 250,000 . In addition to this, it receives endowments every 6 years which have an annual increase of 5%. The amount of the first endowment is 100,000 . The premium payment term for this insurance is for 30 years. Calculate the PNN assuming qx=0.3 and an interest rate of 4%