Question
Standard Insurance is developing a long-life insurance policy for people who outlive their retirement nest egg. The policy will pay out $250,000 on your 85th
Standard Insurance is developing a long-life insurance policy for people who outlive their retirement nest egg. The policy will pay out $250,000 on your 85th birthday. You must buy the policy on your 65th birthday. The insurance company can earn 7% on the purchase price of your policy. What is the minimum purchase price the insurance company should charge for this policy?
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Social Economic And Environmental Impacts Between Sustainable Financial Systems And Financial Markets
Authors: Magdalena Ziolo
1st Edition
179981033X,1799810364
