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Author Question: To level a net single premium (NSP), the NSP is divided by A) the maximum number of years the ... (Read 37 times)

berenicecastro

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To level a net single premium (NSP), the NSP is divided by
 
  A) the maximum number of years the premium could be paid.
  B) the ordinary life annuity factor for the premium payment period.
  C) the present value of a life annuity due of 1 for the premium payment period.
  D) the deferred life annuity factor for the premium payment period.

Question 2

The policy reserve at the end of any given policy year is called the
 
  A) terminal reserve.
  B) unearned premium reserve.
  C) mean reserve.
  D) initial reserve.



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kaillie

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Answer to Question 1

Answer: C

Answer to Question 2

Answer: A




berenicecastro

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it


Bigfoot1984

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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