This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the ... (Read 67 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 24, 2018
An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 26 year old purchased a 35,000 . 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djofnc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

300

Answer to Question 2

3,696


Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

The anatomical position: standing erect, gazing straight ahead, arms down at sides, palms facing for The anatomical position: standing erect, gazing straight ahead, arms down at sides, palms facing for
Life Life
Review Cognitive Changes over the Adult Years Review Cognitive Changes over the Adult Years
Leg pull. Grasp both feet behind the heels, and gently pull legs straight toward you several inches ... Leg pull. Grasp both feet behind the heels, and gently pull legs straight toward you several inches ...
Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations Life cycle of Obelia, a hydrazoan that has alternating medusa (left) and polyp generations
Major Events in the History of Life Major Events in the History of Life
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library