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

Author Question: Actuaries at Term Life Insurance Company calculated the net single premium per thousand for a ... (Read 60 times)

cartlidgeashley

  • Hero Member
  • *****
  • Posts: 572
on: Jul 11, 2018
Actuaries at Term Life Insurance Company calculated the net single premium per thousand for a five-year term policy for a man age 32 to be 5.04. To calculate the net level premium for this policy, the net single premium should be
 
  A) divided by 5.
  B) divided by the future value life annuity due factor for 1 for five years.
  C) divided by the present value life annuity due factor for 1 for five years.
  D) divided by the present value ordinary life annuity factor for 1 for five years.

Question 2

Which statement is true regarding using interest-adjusted cost data and purchasing life insurance?
 
  A) Cost indices can help to determine whether a policy should be replaced.
  B) The type of policy you purchase should he based solely on a cost index.
  C) Small variations in cost indices should be ignored.
  D) Cost indices should be used to select an insurer, not an individual policy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: C


cartlidgeashley

  • Member
  • Posts: 572
Reply 2 on: Jul 11, 2018
:D TYSM

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

These species are all at risk of extinction. Species with “slow” life-h These species are all at risk of extinction. Species with “slow” life-h
The life history of T cells The life history of T cells
Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of
French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho French and U.S. presidential elections in 2012 illustrate the durability of political culture and ho
Single-cell circulation model Single-cell circulation model
Evolutionary trend in plant life cycles Evolutionary trend in plant life cycles
Video: Transmission Across a Synapse

For a complete list of videos, visit our video library