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

Author Question: Insured A, age 27, purchased a 35,000 . 20-payment life policy with premiums payable annually. ... (Read 150 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Insured A, age 27, purchased a 35,000 . 20-payment life policy with premiums payable annually. Insured B, also age 27, purchased a 35,00 . straight-life policy with premiums payable semiannually. Both A and B lived 40 more years. How much more in premiums did insured B pay the insurance company during his lifetime than insured A paid during hers?

Question 2

An insured 28 year old purchased a 100,000 . 20-payment life policy with premiums payable annually and lived 20 more years. How much more did the insured pay the insurance company in premiums during his lifetime than he would have paid for a 100,00 . straight-life policy with premiums payable annually?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

4,389

Answer to Question 2

27,520


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
Gracias!

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

The Many Faces of Life The Many Faces of Life
Crying Frequency in the Early Months In their first months of life, infants often cry for no appare Crying Frequency in the Early Months In their first months of life, infants often cry for no appare
Paul Cézanne, Still Life with Cherries and Peaches. Paul Cézanne, Still Life with Cherries and Peaches.
Life cycle of Plasmodium. Life cycle of Plasmodium.
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Life support system of a developing human Life support system of a developing human
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library