Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Insurance
New Topic  
JamesLu JamesLu
wrote...
Go to Answer
Posts: 649
Rep: 0 0
7 years ago
Beth purchased a $50,000 nonparticipating whole life insurance policy. The annual premium was $1,278. The cash value of the policy after 10 years will be $13,740. The future value of $1 deposited at the start of the year for 10 years, assuming 5 percent interest, is $13.207. If the premiums were invested at 5 percent interest for 10 years, the premiums would grow to $16,878.55. Assuming 5 percent interest, what is the surrender cost of this policy, per thousand per year, over the first 10 years the policy is in force?
A) $4.48
B) $4.75
C) $4.92
D) $5.16
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
Read 281 times
2 Replies
Replies
Answer verified by a subject expert
Toni_AnnetteToni_Annette
wrote...
#1
Top Poster
Posts: 581
Rep: 5 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

JamesLu Author
wrote...
#2
7 years ago
Honestly you're the best
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1906 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 516
  
 274
  
 4161
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4
Previous poll results: Which of the following is the best resource to supplement your studies: