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Author Question: An insured 27 year old purchased a 60,000 . 20-year endowment policy with premiums payable annually. ... (Read 194 times)

Pea0909berry

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on: Jun 24, 2018
An insured 27 year old purchased a 60,000 . 20-year endowment policy with premiums payable annually. How much more did the insured pay the insurance company in premiums during his lifetime than he would have paid had he chosen a 20-payment life policy for the same amount and with annual premiums?

Question 2

An insured 27 year old purchased a 120,000 . 20-year endowment policy with premiums payable semiannually. Compute the amount the insured paid the insurance company in premiums during his lifetime.


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Joy Chen

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

24,948

Answer to Question 2

132,768


Pea0909berry

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Reply 2 on: Jun 24, 2018
Excellent

parshano

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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