Author Question: The difference between the present value of future benefits payable under a life insurance policy ... (Read 140 times)

sdfghj

  • Hero Member
  • *****
  • Posts: 552
The difference between the present value of future benefits payable under a life insurance policy and the present value of net premiums for the policy is the policy's
 
  A) retrospective reserve.
  B) policyholders surplus.
  C) prospective reserve.
  D) admitted assets.

Question 2

The gross premium is defined as
 
  A) the net premium plus the loading allowance.
  B) the terminal reserve plus the commission.
  C) the net premium minus expenses.
  D) the sum of all acquisition expenses.



coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

For a complete list of videos, visit our video library