Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For a certain age at issue the following premiums are available for an n-year endowment insurance policy: i. ii. The net single premium for a
For a certain age at issue the following premiums are available for an n-year endowment insurance policy: i. ii. The net single premium for a 100,000 endowment, with return of the net single premium on death during the endowment period is 75,000. The net single premium for a P100,000 endowment which pays double the face amount if and only if the insured survives n years, with its return of premium at death is 80,000. Calculate the net single premium for a 200,000 n-year endowment insurance without return of premium or double benefit. For a certain age at issue the following premiums are available for an n-year endowment insurance policy: i. ii. The net single premium for a 100,000 endowment, with return of the net single premium on death during the endowment period is 75,000. The net single premium for a P100,000 endowment which pays double the face amount if and only if the insured survives n years, with its return of premium at death is 80,000. Calculate the net single premium for a 200,000 n-year endowment insurance without return of premium or double benefit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started