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2. You are given the following information regarding a universal life policy: Death Benefit Option 1 (Level) Face Amount = $200,000 Premium load = 4.5%
2. You are given the following information regarding a universal life policy: Death Benefit Option 1 (Level) Face Amount = $200,000 Premium load = 4.5% Monthly cost of insurance charge per $1,000 of Net Amount at Risk (NAR) = $1.40 Monthly policy maintenance fee = $5.00 Interest credited rate = 6.0% Current account value = $20,000 Premium paid this month = $1,000 = Determine the policy's account value at the end of the month. 2. You are given the following information regarding a universal life policy: Death Benefit Option 1 (Level) Face Amount = $200,000 Premium load = 4.5% Monthly cost of insurance charge per $1,000 of Net Amount at Risk (NAR) = $1.40 Monthly policy maintenance fee = $5.00 Interest credited rate = 6.0% Current account value = $20,000 Premium paid this month = $1,000 = Determine the policy's account value at the end of the month
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