An insured 25 year old purchased a 20,00 . straight-life policy. Three years later she needed the maximum loan available on the policy. Compute the amount the insured could borrow.
Q. 2An insured 26 year old purchased a 35,000 . 20-year endowment policy with premiums payable quarterly. How much more did the insured pay the insurance company during her lifetime than she would have paid had she chosen annual premium payments?
Q. 3An insured 27 year old purchased a 60,000 . 20-year endowment policy with premiums payable annually. How much more did the insured pay the insurance company in premiums during his lifetime than he would have paid had he chosen a 20-payment life policy for the same amount and with annual premiums?
Q. 4An insured 27 year old purchased a 120,000 . 20-year endowment policy with premiums payable semiannually. Compute the amount the insured paid the insurance company in premiums during his lifetime.
Q. 5An insured 25 year old purchased a 100,000 . 20-year endowment policy with premiums payable semiannually. Compute the amount the insured paid the insurance company in premiums during his lifetime.
Quick Reply
