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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 29 times)

berenicecastro

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on: Jul 11, 2018
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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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A


berenicecastro

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Reply 2 on: Jul 11, 2018
:D TYSM

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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