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Author Question: Insured A, age 27, purchased a 35,000 . 20-payment life policy with premiums payable annually. ... (Read 137 times)

roselinechinyere27m

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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?


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choc0chan

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

4,389

Answer to Question 2

27,520


roselinechinyere27m

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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