Find the annual premium
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Kk105.
Find the annual premium. Face Value: $30,000 Age of Insured: 50 Sex of Insured: M Type of Policy: Universal life
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- Calculate the annual premium for the following policy. (Use Table 20.1.) Amount of coverage (face value of policy) Age and sex of insured Type of insurance policy Annual premium $200,000 42 (M) 20-payment life7. A net premium of $41 payable for life will provide (x) with either $5,000 n-year term insurance followed by $1,000 whole life insurance after age x + n, or $3,000 n-year term insurance followed by $2,000 whole life insurance after age x + n. What is 1000 · Px ? A) 17.37 B) 17.47 C) 17.57 D) 17.67 E) 17.77Calculate the annual premium for the following policy. (Use Table 20.1.) Amount of coverage (face value of policy) 200,000 Age and sex of insured 42 M Type of insurance policy 20-payment life Annual premium
- Find the following: (Round your answer to the nearest cent.) Face Value Age and Sex of Insured Type of Insurance Annual Premium $26,000 37F Straight LifeFor a fully discrete whole life insurance of 100,000 on (45): (i) whole life annuity on 45, a45 = 14.85 (ii)i= 0.06 Calculate the annual net premium.A fully discrete life insurance policy is issued to (30). The death benefit is 1000 plus the benefit reserve at the end of the year of death. The net level premium is 150, and the reserve at the end of the second policy year is 117.875. Given that q30 = q31 = .1, determine the effective interest rate i.
- find the NSP of a a temporary 2-years immediate life annuity valued 5,000 per year, for a female aged 25, if i=10%? age annuity px qx 25 5000 0.99970 0.00030 26 5000 0.99968 0.00031 Single-answer multiple choice $10,000 $4,545 $8,676 $9,998.5A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. O a. 4.17% Ob. 3.27% O c.0.57% d. 2.37% O e. 1.47%ABC Insurance offer term life insurance under the following terms: Guaranteed renewal Cover to age 75 Sum insured remains constant The indicative monthly premiums for $1 million coverage are as follows: Age 21 to 34 35 to 39 40 to 44 45 to 49 50 to 54 Non-smoker $101 $112 $148 $223 $387 Smoker $161 $225 $285 $485 $808 Why do the premiums increase as the age of the insured increases? In percentage terms, approximately how much more expensive is term life insurance for a smoker than a non-smoker? If the renewal of the policy was at the discretion of the insurer, would you expect the premiums to be higher or lower? Why? If the sum insured was indexed to CPI, would you expect the premiums to be higher or lower? Why? If the term of the insurance was to age 65 rather than age 75, would you expect the premiums to be higher or lower? Why? Andrea and her husband are both 45, non-smokers and considering term life insurance. Ashleigh…
- A company charges a net single premium of S6,000 for a life insurance policy with face amount $25,000. The force of interest for this policy is 4 Find the probability that the company makes a profit if Benefit paid at the moment of death and the survival function is So(t) = 1- for 0Using Table 19-1 and Table 19-2, calculate the annual, semiannual, quarterly, and monthly premiums (in $) for the life insurance policy. Round your answers to the nearest cent. Face Valueof Policy Sex and Ageof Insured Type of Policy AnnualPremium SemiannualPremium QuarterlyPremium MonthlyPremium $70,000 male—40 whole life $ $ $ $Calculate the annual, semiannual, quarterly, and monthly premium for the following life insurance policy. Use Tables 19-1 and 19-2. Face Value of Sex and Age of Insured Type of Policy Policy $ 100,000 Female 29 5-Year Term Annual Semiannual Quarterl Monthly Premiu Premium y PremiuSEE MORE QUESTIONS