You are given the following situations: (I) A whole life insurance policy is calculated using Canadian male smoker mortality rates and i = 3.5%, with death benefit $100,000 (II) A whole life insurance policy is calculated using Canadian male non-smoker mortality rates and i = 3.5%, with death benefit $100,000 (III) A whole life insurance policy is calculated using i = 5% and the 2017 CSO table, with death benefit $100,000 (IV) A whole life insurance policy is calculated using i = 7% and the 2017 CSO table, with death benefit $100,000 With respect to the net single premium, which of the following statement is true? OA. NSPI> NSPI and NSPI> NSPIV O B. NSP NSP and NSP < NSP¡y D. NSP, < NSP1 and NSPI> NSP¡y

You are given the following situations: (I) A whole life insurance policy is calculated using Canadian male smoker mortality rates and i = 3.5%, with death benefit $100,000 (II) A whole life insurance policy is calculated using Canadian male non-smoker mortality rates and i = 3.5%, with death benefit $100,000 (III) A whole life insurance policy is calculated using i = 5% and the 2017 CSO table, with death benefit $100,000 (IV) A whole life insurance policy is calculated using i = 7% and the 2017 CSO table, with death benefit $100,000 With respect to the net single premium, which of the following statement is true? OA. NSPI> NSPI and NSPI> NSPIV O B. NSP NSP and NSP < NSP¡y D. NSP, < NSP1 and NSPI> NSP¡y

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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