Assume δ = 0.05, ̄Ax = 0.06, 2 ̄Ax = 0.0040. A group of 100 lives age x purchase fully continuous whole life policies of face value $1,000 for continuous premiums of $3.50 per year. Let L be the aggregate loss function (L =100∑i=1Li, where Li represents the net future loss of individual i). Calculate the mean and variance of the aggregate loss L.

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