Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500

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Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500 per month from the insurer, and her life expectancy is another 15 years (180 months). What is the exclusion ratio in this case?

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Principles Of Risk Management And Insurance

ISBN: 0135180864

14th Global Edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Apr 05, 2023 10:02 AM

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Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500

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Th e exclusion ratio is a tax term that determines what portion of each annuity paymen...View the full answer

Principles Of Risk Management And Insurance

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