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For a special two-year endowment insurance issued to (70), you are given: A benefit of 10 is payable at the end of the year of
For a special two-year endowment insurance issued to (70), you are given: A benefit of 10 is payable at the end of the year of death, if he dies before age 72. A benefit of 2P is payable at age 72, if he survives to reach 72. An annual benefit premium of P is payable at the beginning of each year. 970 0.02 9710.03 . 0.05 Calculate P
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