Question: Z is the present value random variable for a 5-year annual endowment insurance of 1,000 on (60). You are given: (i) A60:5 = 0.7896 (ii)

Z is the present value random variable for a 5-year annual endowment insurance of 1,000 on (60). You are given:

(i) A60:5 = 0.7896 (ii) 2A = 0.2836, 2A = 0.2196, 2A 1 = 0.5649

65 60 60:5

Calculate Var(Z) .

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