Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

17. Which of the following insurance plans allows for immediate cash value? (1 Point) A-Continuous premium plan B-Limited payment plan C-Single premiumi plan 16. Which

17. Which of the following insurance plans allows for immediate cash value? (1 Point) A-Continuous premium plan B-Limited payment plan C-Single premiumi plan 16. Which of the following insurance plans requires lifetime premium payments? (1 Point) OA- Continuous premium plan O B-LUmited payment plan c-Single premium plan d-None of the above 44% 3.2% 21. Alia is 55 years old female. Her annual premium (P) is $1,100 for a $100,000 whole life policy. The cash surrender value of her policy at the end of the most recent completed policy year was $4,400; the previous year, it was $3,800. The annual dividend for the most recent policy year was $40, and she uses the list of benchmark prices to determine the assumed yearly price per $1,000 of protection. She wants to find out if the rate of return she's receiving on the savings component of her policy is reasonable using yearly rate of return method , how much her rate of return estimation : ( hint : use life tables to get YPT ) * ( 1 Point ) -17.7% None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Financial Management

Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan

7th Edition

0538877766, 9780538877763

More Books

Students also viewed these Finance questions