An insured 25 year old purchased a 100,000 . 20-year endowment ...

[chandani]

An insured 25 year old purchased a 100,000 . 20-year endowment policy with premiums payable semiannually. Compute the amount the insured paid the insurance company in premiums during his lifetime.

Question 2

A client, age 26, is planning to purchase a 100,000 . 20-payment life policy and is deciding whether to pay quarterly or semiannually. Compute the amount the client would save during her lifetime by choosing semiannual payments.

[Natalie4ever]

Answer to Question 1

108,160

Answer to Question 2

160