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Author Question: An Econodeath Insurance Company actuary calculated the present value of the expected death claim the ... (Read 110 times)

joe

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on: Jul 11, 2018
An Econodeath Insurance Company actuary calculated the present value of the expected death claim the company will pay if it sells whole life insurance to a 30-year-old woman. This value is called the
 
  A) net level premium.
  B) gross premium.
  C) net single premium.
  D) life insurance policy reserve.

Question 2

XYZ Insurance Company expects 500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?
 
  A) 69.99
  B) 166.67
  C) 350.00
  D) 500.00


annierak

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

Answer: C

Answer to Question 2

Answer: D


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