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Author Question: An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the ... (Read 66 times)

Bernana

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on: Jun 24, 2018
An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow.

Question 2

An insured 26 year old purchased a 35,000 . 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments?


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djofnc

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

300

Answer to Question 2

3,696


Bernana

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

amcvicar

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Reply 3 on: Yesterday
Excellent

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