Question No. 11: For a fully discrete 10-year endowment life insurance of $100 issued to (35), you are given: Level gross annual premiums are calculated according to the equivalence principle. The first year expense is 20% of the gross annual premium. Expenses in subsequent years are 5% of the gross annual premium. i = 0.05 A 0.60 24 0.40 L is the gross loss at issue random variable. 35: 101 35:10 Calculate Var[L& Question No. 11: For a fully discrete 10-year endowment life insurance of $100 issued to (35), you are given: Level gross annual premiums are calculated according to the equivalence principle. The first year expense is 20% of the gross annual premium. Expenses in subsequent years are 5% of the gross annual premium. i = 0.05 A 0.60 24 0.40 L is the gross loss at issue random variable. 35: 101 35:10 Calculate Var[L&