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Author Question: An insured 25 year old purchased a 15,00 . straight-life policy and a 5,000 . 20-payment life ... (Read 111 times)

mmm

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An insured 25 year old purchased a 15,00 . straight-life policy and a 5,000 . 20-payment life policy. Fifteen years later she needed to borrow 2,500 on one of her policies. Determine which policy had a loan value in excess of 2,500 .

Question 2

An insured 25 year old purchased a 75,000 . 20-year endowment policy. Five years later he needed to borrow 30,000 . After borrowing the maximum on his insurance, how much more did the insured need to borrow elsewhere?



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Ahnyah

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Answer to Question 1

Straight life

Answer to Question 2

17,025




mmm

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


Zebsrer

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Reply 3 on: Yesterday
:D TYSM

 

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