Question 1 You purchased a 25-year term life insurance and paid the first premium of $4000 at the beginning of the plan. Suppose you pay the annual premium of $4000 at the end of each year afterwards and die at the end of Year 25 (When you input your answer to (just before you make the annual premium Moodle, ignore the % sign and payment). Assuming interest is compounded round your answer to 2 decimal monthly and is paid at the end of each month, places, if necessary. For what is the monthly rate of return if the death example, you should input 1.23 benefit paid is $2,500,000 ? if your answer is 1.2345% ) Question 2 You purchased a 30-year term life insurance and paid the first premium of $200 at the beginning of the plan. Suppose you pay the monthly premium of $200 at the (When you input your end of each month afterwards and die at the end of answer to Moodle, ignore the Year 25 (just before you make the monthly premium % sign and round your payment). Assuming interest is compounded monthly answer to 2 decimal places, if and is paid at the end of each month, what is the necessary. For example, you annual rate of return if the death benefit paid is should input 1.23 if your 1$3,000,000 ? answer is 1.2345% ) Question 3 You purchase an ILAS plan with projected total death benefit of $3,000,000 and projected total cash value of $300,000 after 30 years. Suppose you paid the first premium of $500 at the beginning of the (When you input your answer plan and pay the monthly premium of $500 at the end of each month to Moodle, ignore the % sign afterwards. You want to see if the ILAS can be replaced by a and round your answer to 2 combination of a 30-year term life insurance (in Question 2) + a decimal places, if necessary. long term (30 years) savings plan. Find the required annual interest For example, you should input rate of a savings plan so that the ILAS is same as the combination of 1.23 if your answer is 1 the 2 products after 30 years. 1.2345%) Question 1 You purchased a 25-year term life insurance and paid the first premium of $4000 at the beginning of the plan. Suppose you pay the annual premium of $4000 at the end of each year afterwards and die at the end of Year 25 (When you input your answer to (just before you make the annual premium Moodle, ignore the % sign and payment). Assuming interest is compounded round your answer to 2 decimal monthly and is paid at the end of each month, places, if necessary. For what is the monthly rate of return if the death example, you should input 1.23 benefit paid is $2,500,000 ? if your answer is 1.2345% ) Question 2 You purchased a 30-year term life insurance and paid the first premium of $200 at the beginning of the plan. Suppose you pay the monthly premium of $200 at the (When you input your end of each month afterwards and die at the end of answer to Moodle, ignore the Year 25 (just before you make the monthly premium % sign and round your payment). Assuming interest is compounded monthly answer to 2 decimal places, if and is paid at the end of each month, what is the necessary. For example, you annual rate of return if the death benefit paid is should input 1.23 if your 1$3,000,000 ? answer is 1.2345% ) Question 3 You purchase an ILAS plan with projected total death benefit of $3,000,000 and projected total cash value of $300,000 after 30 years. Suppose you paid the first premium of $500 at the beginning of the (When you input your answer plan and pay the monthly premium of $500 at the end of each month to Moodle, ignore the % sign afterwards. You want to see if the ILAS can be replaced by a and round your answer to 2 combination of a 30-year term life insurance (in Question 2) + a decimal places, if necessary. long term (30 years) savings plan. Find the required annual interest For example, you should input rate of a savings plan so that the ILAS is same as the combination of 1.23 if your answer is 1 the 2 products after 30 years. 1.2345%)
