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Author Question: The difference between the present value of future benefits payable under a life insurance policy ... (Read 159 times)

sdfghj

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on: Jul 11, 2018
The difference between the present value of future benefits payable under a life insurance policy and the present value of net premiums for the policy is the policy's
 
  A) retrospective reserve.
  B) policyholders surplus.
  C) prospective reserve.
  D) admitted assets.

Question 2

The gross premium is defined as
 
  A) the net premium plus the loading allowance.
  B) the terminal reserve plus the commission.
  C) the net premium minus expenses.
  D) the sum of all acquisition expenses.


coreycathey

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


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