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

Author Question: An insured 25 year old purchased a 15,00 . straight-life policy and a 5,000 . 20-payment life ... (Read 104 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
on: Jun 24, 2018
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahnyah

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

Straight life

Answer to Question 2

17,025


mmm

  • Member
  • Posts: 558
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Basic energy of a human life Basic energy of a human life
Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen- On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen-
RNA polymerase subunit structures in the three domains of life RNA polymerase subunit structures in the three domains of life
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Life cycle of a moss (Polytrichum) Life cycle of a moss (Polytrichum)
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library