An extastiched life insurance company coffently inaver a range of 40th conventional and whit-linked Product & It now intends to launch a new regular premium unit-linked saving cont hact, de xigned to help people meet their needs for retirement Planning Under the Policy, Premiume ahe automatically linked to the national are hage carring index, but othekesine cannot be varied by the policyholder except by making the policy ishevocably paid up. a wide range of inveatment fund links will be available the Policyholder can switch between fonda at any time, but no more than one switch is allowed each yeah without change. The Policyholder can choone to take the policy benefita at any age wetween 55 and 75 On death during the Policy team the full bid value of unite will be paid, Two vehions of the contract are planned under the at andand version of the contract, at the Hime of retirement the full sid value of the unite will be weed to purchase an annuity from the intenance company, according to the companye annuity hate karir content at that time. The other version additionally provider a grahantee that the annuity conversion rate applied to the retirement fund will not be dean favourable than a hate pecified from out not in the Policy conditions. The guaranteed rate will vaty according to the chosen retirement age and the gender of the Policyholder switching between versions will not be permitted once the policy har et akted, The following at and and changer apply to both versione sid-offer aphread 57 annual fund management change 0.757 Pa I an initial charge of 15% of the heart geaks anwat premium, on 150 it talget, deducted & cancellation of unite at the start of the Policy an additional i la fund management change will be sevied for the annuity rate guarantee All charger are guaranteed. (i) Discuss the last one that would determine whether on not this product will be marketable. (137 The company in considesing whether the additional Il Pa tund management change in appropriate for the annuity hate guarantee, both in teame of the ret Gucture and size of the charge. The standard restion of the product adequately meet the company profit clitesia. (ii) Denckist how an annenament of the product would be carried out for this purpone, aruming that all the company's easerant data are made availaste your answehe should include a deschiption of the model that might be vaed (77