Question
How many quarters of coverage does a person need to be considered currently insured ? 20 10 13 40 2-Using the Australian life Tables 2005
How many quarters of coverage does a person need to be considered currently insured ? 20 10 13 40 2-Using the Australian life Tables 2005 07 , what is the probability that a male aged 40 will die before age 50 ? OA 0.0201 B-0.0008 OC 0.9827 D-0.0022 8-Sameera purchased a $100,000 participating whole life policy . The annual premium is $2,000. Projected dividends for the first 20 years are $16,000. The cash value after 20 years will be $29,000. If the premiums were invested at 6 percent for 20 years. If the dividends were accumulated at 6 percent for 20 years , they would grow to be $28,500 . ( The future value interest annuity factor at 6% for 20 years equal 36.79 ) . Based on this information, what is the traditional net cost per thousand per year of Sameera' policy over the 20 - year period? O $22.54 20.27 O $ -2.00 - $2.5
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