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Two special discrete 20-year endowment insurance policies on (30) are issued. One policy provides $100,000 for death during the deferral period plus $80,000 upon attainment
Two special discrete 20-year endowment insurance policies on (30) are issued. One policy provides $100,000 for death during the deferral period plus $80,000 upon attainment of age 50, and costs $30,449. The other policy provides $80,000 for death during the deferral period plus $100,000 upon attainment of age 50, and costs $37,770. Assuming the same mortality profile and interest rate environment, how much would a $120,000 discrete 20-year endowment insurance on (30) cost
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