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

Author Question: Insured A, age 27, purchased a 35,000 . 20-payment life policy with premiums payable annually. ... (Read 136 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Insured A, age 27, purchased a 35,000 . 20-payment life policy with premiums payable annually. Insured B, also age 27, purchased a 35,00 . straight-life policy with premiums payable semiannually. Both A and B lived 40 more years. How much more in premiums did insured B pay the insurance company during his lifetime than insured A paid during hers?

Question 2

An insured 28 year old purchased a 100,000 . 20-payment life policy with premiums payable annually and lived 20 more years. How much more did the insured pay the insurance company in premiums during his lifetime than he would have paid for a 100,00 . straight-life policy with premiums payable annually?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

4,389

Answer to Question 2

27,520


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Situation in a Guy's Life Situation in a Guy's Life
Life of a Midlatitude Cyclone Life of a Midlatitude Cyclone
Typical life cycle of the tick family. Typical life cycle of the tick family.
How to solve a half life problem involving exponential models (Question 1) How to solve a half life problem involving exponential models (Question 1)
Generalized life cycle for land plants Generalized life cycle for land plants
Video: Sperm Formation

For a complete list of videos, visit our video library