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 84 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
Wow, this really help

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

The life cycle of HIV The life cycle of HIV
Among the health benefits of marriage is a longer life. Among the health benefits of marriage is a longer life.
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
Life cycle of Rhizopus stolonifer, a black bread mold Life cycle of Rhizopus stolonifer, a black bread mold
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library