Q.1)You purchased a 30-year term life insurance and paid the first premium of $125 at the beginning of the plan. Suppose you pay the monthly premium of $125 at the end of each month afterwards and die at the end of Year 30 (just before you make the monthly premium payment). Assuming interest is compounded monthly and is paid at the end of each month, what is the annual rate of return if the death benefit paid is $800,000?(with excel file)

Q.2)You purchased an ILAS plan with projected total death benefit of $800,000 and projected total cash value of $154,850 after 30 years. Suppose you paid the first premium of $379 at the beginning of the plan and pay the monthly premium of $379 at the end of each month afterwards. You want to see if the ILAS can be replaced by a combination of a 30-year term life insurance (in Question 1) + a long term (30 years) savings plan. Find the required annual interest rate of a savings plan so that the ILAS is same as the combination of the 2 products after 30 years. (with excel file)