I was wondering what is the proper way to go about this question to get E(Z)... 5 year endowment, payable at moment of death. u = .04, delta = .06, APV = ? The way I did it was to break it apart into a 5-year term and a pure endowment.
www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=124441
