IN ORDER and SHOW ALL WORK! 1. For a 25-year term life insurance on (40) with varying benefits, you are given: (1) Death benefits are payable at the end of the year of death. (ii) The benefit amount is: (a) 1 in the first 10 years of death; (b) increasing to 2 for the following 10 years; (c) remaining at 1 until reaching age 65. (iii) Mortality follows the Ultimate Standard Life Table and i = 0.05. I Calculate the actuarial present value for this insurance. IN ORDER and SHOW ALL WORK! 1. For a 25-year term life insurance on (40) with varying benefits, you are given: (1) Death benefits are payable at the end of the year of death. (ii) The benefit amount is: (a) 1 in the first 10 years of death; (b) increasing to 2 for the following 10 years; (c) remaining at 1 until reaching age 65. (iii) Mortality follows the Ultimate Standard Life Table and i = 0.05. I Calculate the actuarial present value for this insurance