Let L be the insurer's loss at issue variable for a 15 year endowment insurance with benefit $100,000 on (a:) payable at the end of the quarter of death or at its maturity settled by a 15 year term quarterly annuity-due. You are given: (a) "PX = 0.8", k = 0, 1, 2, ... (b) Assuming Uniform Distribution of Death over Fractional Ages (c) i = 5% (d) Premiums are determined by the equivalence principle Calculate Var( L)