Calculate the EPV of this assurance contract: 5 year endowment with death benefit of 15000$ and maturity benefit of 20000$

Sociology Nov 03, 2021

Calculate the EPV of this assurance contract:

5 year endowment with death benefit of 15000$ and maturity benefit of 20000$. The rate of interest is 4% and the death probability is 0.1 per annum. The contract expects to sell 300 contracts and there is an annual premium of 110% charged by the insurer.