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Author Question: An insured 25 year old purchased a 100,000 . 20-year endowment policy with premiums payable ... (Read 32 times)

chandani

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on: Jun 24, 2018
An insured 25 year old purchased a 100,000 . 20-year endowment policy with premiums payable semiannually. Compute the amount the insured paid the insurance company in premiums during his lifetime.

Question 2

A client, age 26, is planning to purchase a 100,000 . 20-payment life policy and is deciding whether to pay quarterly or semiannually. Compute the amount the client would save during her lifetime by choosing semiannual payments.


Natalie4ever

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Reply #1 on: Jun 24, 2018
Answer to Question 1

108,160

Answer to Question 2

160


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