Darlene wants to buy a $200,000 term life insurance policy. She is 34 years old. Using the premium table, what is her annual premium for a 10-year policy? a $100 b. $108 C$1.202 d. $1.290
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A: We can use the provided table to determine the amount that Kenji will have to pay as premium.
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- For a fully discrete whole life insurance of 100,000 on (45): (i) whole life annuity on 45, a45 = 14.85 (ii)i= 0.06 Calculate the annual net premium.Kk105. Find the annual premium. Face Value: $30,000 Age of Insured: 50 Sex of Insured: M Type of Policy: Universal lifeCalculate the annual premium for the following policy. (Use Table 20.1.) Amount of coverage (face value of policy) Age and sex of insured Type of insurance policy Annual premium $200,000 42 (M) 20-payment life
- Document1 - Word References Mailings Review View Help Search A A Aa A E E E EE AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD. AaB A D A v AaBbC 三三、 、田 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Title Subtit Paragraph $1 Styles 11) Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly). She can afford to put $300 per month into the fund, and she will work for 45 years before retiring. If her pension is then paid out monthly based on a 20- year payout, how much will she receive per month? (Round your answer to the nearest cent.) 2$ 12) n chows annual rates for yarjous types of loans in 2015. Assume monthlyFind the following: (Round your answer to the nearest cent.) Face Value Age and Sex of Insured Type of Insurance Annual Premium $26,000 37F Straight LifeABC Insurance offer term life insurance under the following terms: Guaranteed renewal Cover to age 75 Sum insured remains constant The indicative monthly premiums for $1 million coverage are as follows: Age 21 to 34 35 to 39 40 to 44 45 to 49 50 to 54 Non-smoker $101 $112 $148 $223 $387 Smoker $161 $225 $285 $485 $808 Why do the premiums increase as the age of the insured increases? In percentage terms, approximately how much more expensive is term life insurance for a smoker than a non-smoker? If the renewal of the policy was at the discretion of the insurer, would you expect the premiums to be higher or lower? Why? If the sum insured was indexed to CPI, would you expect the premiums to be higher or lower? Why? If the term of the insurance was to age 65 rather than age 75, would you expect the premiums to be higher or lower? Why? Andrea and her husband are both 45, non-smokers and considering term life insurance. Ashleigh…
- Using Table 19-1 and Table 19-2 find the following premiums for a 10-year term life insurance policy with a face value of $30,000 for a 28-year-old male. A. Annual premium B. Semiannual premium C. Quarterly premium D. Monthly premium Life Insurance—Premium FactorsPremium Paid Percent of Annual PremiumSemiannually 52%Quarterly 26%Monthly 9%What is the liability for the outstanding premiums at year-end?* a. 2,000,000 b. 562,500 c. 2,250,000 d. 500,00011. The net premium for a 10,000 whole life insurance policy issued to (40) is 4,000. At the end of 10 years, the benefit reserve on a 50,000 whole life insurance policy issued to (30) is 7,000. The net single premium for a 10,000 whole life insurance policy issued to (30) is P. Determine P.
- Find the annual premium for a 10-year level term insurance policy with a face value of $50,000 for a 35-year-old male using a non-tobacco rate. Use the given table. E Click the icon to view the data table Estimated annual premium = $(Type an integer or a decimal.)Estimated Annual Life Insurance Premium Rates per $1,000 of Face Value 10-Year Level Term 20-Year Level Term Female PREF 0.91 0.91 Age Age PREF NT 20 0.87 25 0.87 Male Female Male PREF NT 1.50 PREF NT NT 2.28 2.28 1.88 20 1.09 1.88 25 2.06 30 1.12 2.86 2.86 2.56 2.56 1.27 0.75 1.10 1.31 1.27 1.36 2.49 1.44 2.73 1.13 0.75 1.10 1.09 1.31 1.42 153 2.00 2.92 1.50 30 0.87 35 0.87 0.75 1.16 1.26 2.23 35 1.57 1.61 3.24 3.62 5.38 8.42 12.90 19.15 3.96 0.96 2.67 0.75 1.17 1.73 1.02 2.78 40 1.96| 3.78 2.93 40 1.49 1.00 1.38 1.72 2.98 55 2.95 5.61 12.48 2.27 4.44 8.33 55 5.38 2.36 3.73 5.99 1.26 3.77 5.57 8.02 11.45 16.74 45 50 2.03 3.76 2.69 5.33 8.08 1.51 2.12 4.08 45 2.23 1.75 5.78 50 3.45 2.59 4.40 6.66 60 4.61 9.07 20.07 3.46 6.95 12.57 60 8.46 15.15 29.14 6.17 10.36 9.52 Use the given table. Compare the annual life insurance premium of Jenny Davis who is 35 years old, and purchases a $265,000, 10-year level policy using a non-tobacco rate to the premium paid by Chloe Levine, her friend who…The рroduction deрartment of an insurance comрany reрorted Ρhр 45,121.00 insured рolicy by an insurance agent. What was the commission rate of the agent who receives Ρhр 3,390 as his commission last month.