Question
If the net single premium of a 20-year term insurance policy, issued to (50), with a death benefit of $R is $6000, what is the
If the net single premium of a 20-year term insurance policy, issued to (50), with a death benefit of $R is $6000, what is the value of R? You are given: 1000 1 20 50: | A = 43.732, 1000 1 20 30: | A = 16.017, 30E20 = 0.22143, 50E20 = 0.06455
(A) $47,937
(B) $137,199
(C) $168,867
(D) $216,489
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Step 1 Step 1 Given Insurance Type Term insurance policy Duration 20 years The ne...
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
