A model to design and price an endowment assurance product with maturity benefits paid in annuity form
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this thesis report was based on one objective which was to design and price and endowment assurance product with maturity benefits in annuity form and accumulates a cash value. Actuarial calculations were incorporated to insure that various facts and interrelationships are logically connected to develop the inner workings and mechanics of the product. profit testing was done to ensure its a profitable venture and lastly sensitivity analysis was carried out to track assumptions that are sensitive to changes in market factors.