A term life insurance offers both insurance coverage and a savings feature. The premiums associated with a term insurance policy are fixed payments computed as an average of the premiums required over the expected life of the

Q: On Your understanding please Differentiate Deferred Annuity and Period of Deferral.

A: Deferred Annunity:- A deferred annuity is an agreement with an insurance agency that vows to pay the…

Q: he difference between an ordinary annutty and an annulty due is: Multiple Choice an ordinary annuity…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: What is Simple Annuity? (payment interval, and interest period, time of payment, duration)

A: Given Simple annuity Payment interval Interest period Time of payment  Duration…

Q: What is equivalent annual annuity (EAA) method?

A: Equivalent annual annuity (EAA): Equivalent annual annuity measures the annual payments a scheme…

Q: ompare an ordinary annuity with a prepayment annuity.

A: Annuity is a uniform series of cash flows over a given number of periods.

Q: Insurance that is for a limited time period, with no cash value accrued. a) Universal Life b) Term…

A: Term life insurance: Term life insurance delivers coverage for a particular period of time. It’s…

Q: Explain the Compound or Future Value of an Annuity

A: The question is based on the concept of calculation of future value of periodic annuity payment.

Q: Explain how the present value of an ordinary annuityinterest table is converted to the present value…

A:

Q: Compute the present value of an ordinary annuity, an annuity due, and a deferred annuity.

A: Computation of the present value (PV) of an ordinary annuity can be done by using the…

Q: With regard to mortgages, how is the monthly payment including principal and interest categorized as…

A: An annuity refers to the annual payment of a debt which includes a portion of principal as well as…

Q: A policy which runs for a fixed period or up to a particular age of the insured is called_

A: Insurance business is a type of business in which one company provides assurance to another company…

Q: What is General Annuity? (payment interval and interest period, time of payment, duration)

A: An annuity is a contract between you and an insurance company in which you make a lump-sum payment…

Q: Define annuity due

A: Annuity due is an arrangement of payments that are equal as well these payments are paid or received…

Q: An annuity may have periods of time of any length but should always be of equal length. Select one:…

A: Explanation:- An annuity is a series of equal monthly payments that are made over a certain length…

Q: : Identify the different types of annuities, calculate the present value and future value of both an…

A: Annuities are payments are that paid periodically each period these amounts are fixed ,variable and…

Q: An annuity that is established with a lump sum for the purpose of providing the investor with…

A: The term annuity refers to the stream of income received in periodic installments or the payments…

Q: nuity due is an annuity whose payment is due at the END of each period. TRUE OR FALSE

A: . An annuity is a series of uniform cash flows paid or received at an equal interval over a period…

Q: Name and describe the benfits/features of annuity due, ordinary annuity, and perpetuity.

A: A series of equal payments that take place annually is referred as annuity. Perpetuity is referred…

Q: diffrentiate between a regular annuity and growing annuity

A: Regular Annuity - This type of annuity generally means the Same Amount of annuity at a regular…

Q: Annuity and annuity due vary in that one is paid in advance.

A: This quotation explains abut  Annuity and annuity due vary in that one is paid in advance.

Q: Which of the following cannot be calculated? Select one: a. the interest rate on perpetuity given…

A: Perpetuity is referred to as an annuity, which does not have an end or the stream of the cash…

Q: General Term used to defined a series of equal payments occurring at equal interval of time.…

A: Annuity Series of equal payments occurring at equal interval of time is known as annuity.

Q: What are the primary characteristics of an annuity? ­Differentiate between an “ordinary annuity” and…

A: Annuity represents a series of equal amount of payment / receipt made on particular interval for a…

Q: Discuss the present value of an annuity due with an example

A: Present value of an annuity An Annuity is a stream of regular periodic payments made or received for…

Q: The process that determines the present value of a single payment or stream of payments to be…

A: Annuity means regular payment to be received from an investment.

Q: Which of the following isa type of "Maximum Efficient Contract"? O Term Insurance that has a 20 yr…

A: Maximum Efficient Contract suggests that the party in the contract should benefit the most from such…

Q: Explain the difference between an ordinary annuity and an annuity due.

A:

Q: What happens when you want your policy to be a paid-up policy. Show this clearly by giving an…

A: Additional whole life insurance coverage obtained with dividends rather than premiums from a policy…

Q: Write and submit the Proof of Ordinary Annuity

A: Ordinary Annuity: The sum of ordinary annuity is:F=A[(1+i)n−1]iF= Sum…

Q: The price per unit of insurance is called the O premium. loss adjustment expense. O rate. O loss…

A: Premium is the amount paid to an insurance company for providing risk coverage. Loss adjustment…

Q: Define Future Value of an Annuity Due.

A: Annuity: An annuity refers to the fixed cash flows that are received or paid by a person at defined…

Q: An annuity is a kind of financial contract. What's the difference between this and a one-time…

A: An annuity is a fixed series of payments over the period and contains a number of cashflows.

Q: Differentiate annuity dues and deferred annuities.

A: An annuity can be divided into two types: Annuity due: Unlike a regular annuity, annuity due…

Q: Distinguish between an ordinary annuity and an annuity due

A: There are two types of annuities one is ordinary and another is annuity due.

Q: elationship between an ordinary annuity and an annuity due. Com

A: The future value is computed using the following…

Q: The process that determines the present value of a single payment or stream of payments to be…

A: By computing the present value of payment received in the future we know about the time value of…

Q: The price per unit of insurance is called the O premium. O loss adjustment expense. O rate. O loss…

A: Premium is the amount the insured needs to pay the insurer for covering any losses that the insured…

Q: Explain the difference between an ordinary annuity and an annuity due situation.

A: Annuity: It is amount of money payable to an individual at a periodic basis which is normally a…

Q: What is the formula in finding the present value of a deferred annuity

A: Deferred annuity is a type of contract which pays the purchaser a periodic payment or an lump sum…

Q: Explain present value interest factor for an annuity

A: The present value is the current value of the sum of money or future cash flows at a certain rate.…

Q: Define present value of an ordinary annuity.

A: Present value:   The value of today’s amount to be paid or received in the future at a compound…

Q: Explain how the future value of an ordinary annuityinterest table is converted to the future value…

A:

Q: E? Future value of annuity are also applicable for future payments which have different amounts…

A: Step 1 The total amount of regular payments on a future date, taking into account a specific refund…

Q: Define an annuity due Payment.

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: what is the annual insurance loss ratio formula?

A: The insurance loss ratio is calculated to know the profits that an insurance company can earn over a…