Insured A, age 27, purchased a 35,000 . 20-payment life policy ...

[roselinechinyere27m]

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?

[choc0chan]

Answer to Question 1

4,389

Answer to Question 2

27,520

[roselinechinyere27m]

Thanks for the timely response, appreciate it

[nyrave]

Excellent