2. Al Qatryah Insurance Company SAOG in Oman has offered a wide selection of Life& General Insurance Products to satisfy its customers. The company provided thefollowing information about a policy. It shows that the premium payment depends onmany variables such as age, gender, face value of policy and frequency of premiumpayment.Straight-LifeFemale10-Year Fixed Rate20-Year Fixed RateFemale1.171.231.412.33MaleMaleFemaleMaleAge201.211.821.762.723.494.022.63301.271.911.853.382.133.516.88401.462.203.88502.414.725.185.017.933.63604.567.118.21Percent ofAnnualPeriodSemiannuallyQuarterlyMonthlyPremium51.0026.008.75Questionsi) Assume you are a 20-year-old female and want to buy OMR 110,000face value scheme,what is the annual premium using a 20-year fixed rate scheme?ii) Assume your father who is 40 years old wants to buy OMR 110,000face value policy.He wants to pay premium semi-annually. How much will be the premium using 20-year fixed rate policy?

Before start answering we find out the meaning of some terms includes in the question. This question…

2. Al Qatryah Insurance Company SAOG in Oman has offered a wide selection of Life & General Insurance Products to satisfy its customers. The company provided the following information about a policy. It shows that the premium payment depends on many variables such as age, gender, face value of policy and frequency of premium payment. Straight-Life Male 2.72 10-Year Fived Rate 20-Year Fixed Rate Age 20 Male Female Male Female Female 1.21 1.17 1.82 1.76 1.27 1.46 2.63 3.38 3.88 30 1.23 1.85 2.13 3.51 3.49 4.02 5.18 1.91 2.20 3.63 7.11 40 1.41 50 2.41 2.33 5.01 60 4.72 4.56 6.88 8.21 7.93

2. Al Qatryah Insurance Company SAOG in Oman has offered a wide selection of Life & General Insurance Products to satisfy its customers. The company provided the following information about a policy. It shows that the premium payment depends on many variables such as age, gender, face value of policy and frequency of premium payment. Straight-Life Male 2.72 10-Year Fived Rate 20-Year Fixed Rate Age 20 Male Female Male Female Female 1.21 1.17 1.82 1.76 1.27 1.46 2.63 3.38 3.88 30 1.23 1.85 2.13 3.51 3.49 4.02 5.18 1.91 2.20 3.63 7.11 40 1.41 50 2.41 2.33 5.01 60 4.72 4.56 6.88 8.21 7.93

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Which of the following is the correct calculation of insurance premium? a. (Premium/1,000) x table rate b. (Face value/1,000) x table rate c. (1000/Face value) x table rate d. (Table rate/1,000) x Face value
Choose a Mortgage Loan Banks and other lending institutions offer a wide variety of mortgage loans that can be tailored to the financial situations of most people who want to buy a house. Several of the more common types of mortgage loans are described below. • Conventional fixed-rate mortgages charge the same rate of interest over the term of the loan. They typically require a substantial down payment of 20 percent or more of the home's purchase price and have terms that can last from 15 to 30 years. • Adjustable-rate mortgages charge an interest rate that initially is lower than that charged on a conventional fixed-rate mortgage. This rate, however, will be adjusted as prevailing interest rates change. They also require a substantial down payment and have terms that last from 15 to 30 years. Federal Housing Authority (FHA) mortgages are available to first-time homeowners at fixed interest rates that are normally similar to those charged on conventional fixed-rate mortgages. Because…
What is the process of consideration of the payback period?
9. If Diana wants a life insurance policy that will provide both a fixed death benefit and guaranteed cash value, what type of policy should she consider buying? a. annual renewable term life insurance b. universal life insurance c. whole life insurance d. variable universal life insurance
A Quick Response will be appreciated
C. Endorsement. O D. Claim form. 17. The insurer will issue to the insured before completion of policy form. * O A. certificate of insurance O B. cover note O C. renewal notice D. completion notes 18. A warning on duty to disclose changes affecting the existing policy inspection are sent to insured through
Which is Idemenity Plan and which is Managed Care Plan? Insureds create contract with an insurer who does not provide health care services The higher the deductible, the lower the premium Insured receive health care services from a designated group of providers May not even involve an insurance company No annual deduction is incurred, but a small co-payment may be required I most value the freedom of choice and am willing to pay for it. Cost is my most important consideration. I’d rather have the flexibility of either having the insurance company reimburse me or directly paying the health care provider.
Question 4: Of the cafeteria plans listed, which is NOT a voluntary nontaxable deduction? Answer: A. O Medicare В. O Group-term life insurance С. O Medical care reimbursements D. O Adoption assistance
An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. Now assume the consumer is part of a partial insurance plan with a coinsurance provision. Her insurance pays 50% of all medical expenses. Consider again the relationship between PL and PP and plot a coinsurance plan demand curve in PL - Q space. Label this curve D3. Finally, assume the consumer is part of a partial insurance plan with a copayment provision. Her insurance pays all expenses above and beyond her copayment of $25 for each unit of Q. Consider again the relationship between PL and PP and plot a copayment-plan demand curve in PL - Q space. Label this curve D4.
Whole Life insurance is often called ordinary life, or cash-value life insurance. This type of life insurance also gives you three guarantees. Select those three. The promise that your premium payments will decrease as you progress into your policy A guaranteed minimum rate of return on your cash value account A guaranteed death benefit amount The promise that your premium payments will not go up
The risk of patients not paying their account balances resulting in bad debt expense is a reality today. This risk is greater as employers increase out-of-pocket maximums, deductibles, and co-pays as part of their medical insurance plans. Research and discuss some best practices healthcare organizations are using today to improve their patient liability or balance due collection process.
Traditional indemnity policies reimburse the insured based on the [amount charged | usual, customary, and reasonable (UCR) charges] for the medical services received. a. amount charged b. usual, customary, and resonable (UCR) charges

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