Consider two countries with different demographic characteristics. Country X has a relatively young population, a high fertility rate and an influx of young immigrants. The workforce is very mobile. Country Y, on the other hand, has an aging population, with a low fertility rate and few immigrants. Workers in Country Y are proud of their job longevity. Which country might have a greater demand for the following products? 1. Life insurance. 2. Health insurance. 3. Disability insurance. 4. Long term care insurance. 5. Annuities. 6. Reverse mortgages. 7. Pension plan with benefit depending on the income during the last years of employment. 8. Pension plan with a short vesting period. [16 marks] *Tips. Choose the country might have a greater demand for the following products. State the reason. Your elaboration no need to be long. One to three sentences should be enough for each product explanation