Forafullycontinuous20yeartermpolicyof$10,000 issuedto(40), youaregiven: Mortality follows the Illustrative Life Table with i = 6% & Mortality is uniformly distributed between integral ages Calculate the benefit reserve at the end of 10 years for this insurance.

Q: ale posits 4 700 at the end of mary Every quarter for 5 yours aud 6 Months u a cnd 6 retiremment…

A: An annuity is a series of payments that are made at equal intervals. They are classified by the…

Q: Deposits of $6000 are put into a fund at the end of each month for the next 9 years. At the end of…

A: The perpetuity refers to the regular payment of receipt for an infinite period of time at a  certain…

Q: You are given: - Premiums are calculated using the equivalence principle. - Mortality follows the…

A: The annual benefit premium for a 30-years 1000 on (35) Pa35 = 1000 A135 + P(IA)135 Pa35 = P(IA)135 =…

Q: 7) CALCULATE LIFE INSURANCE COVERAGE IN THE AMOUNT OF THE PREMIUM IS $0.22 PER $1000 PER MONTH…

A: First, we need to calculate the insurance coverage for each individual. This is done by multiplying…

Q: £1443 paid at the end of each year for the first 4 years followed by £1441 paid at the end of each…

A: Annual payment for first 4 years = £1443 Annual payment for 15 years (including first 4 years) = p =…

Q: A good health insurance plan should: Multiple Choice O impose no unreasonable exclusions. provide at…

A: The answer is given below

Q: With savings of $4930 and monthly expenses of $9860, what is your emergency fund ratio? O 0.2268. O…

A: Emergency fund ratio is the ratio of current assets (or savings) to the monthly expenses. It shows…

Q: Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to…

A: Annuity payment = $ 7500 Payment  = Semi annually Period = 5  Years Semi annual period = 5*2 = 10…

Q: Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the…

A: present value of annuity due formula: PVA=A×1-11+rmm×nrm×1+rmwhere,A=annuityn=yearsm=frequency…

Q: कर. Presert Valto Arnuty Futuro Va Years 9% $186.44 15 14% $1.357 37 $725.73 30 5% $565 75 260 1%

A: You have to find out future value FACTOR and find out future value.

Q: Ruth Lewis died, leaving to her husband Edward an insurance policy contract that provides that the…

A: There is some time value of money always.When the money is received after periodic intervals. When…

Q: 30 1.87 1,56 30 8.8

A: In insurance table premium rates are given per 1000 so see table and get appropriate annual premium.

Q: if $875 000 is saved for retirement, what rate of interest, compounded semi-annually, will provide…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: 22. If a hospital received $15,000 in payments per year at the end of each year for the next six…

A: The Current value is the present value of a future amount i.e.,   it is the amount to be invested…

Q: 7) CALCULATE LIFE INSURANCE COVERAGE IN THE AMOUNT OF THE PREMIUM IS $0.22 PER $1000 PER MONTH…

A: First, we need to calculate the life insurance coverage for each person. This is done by multiplying…

Q: June Stickney purchased an annuity on January 1, 2019, which, at a 12% annual rate, would yield…

A:

Q: lany pur cheeses that a setirement annuity h-er 2,S0o at the will end of pay every 6 mouths for…

A: An annuity is a deposit made in an account to account for money accumulated over a period of time at…

Q: Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions…

A: We need to use future value of ordinary annuity formula to calculate value of of your retirement…

Q: 3. The proceeds of a 10,000-death benefit are left on deposit with an insurance company for seve…

A: Monthly payment of accumulated value is treated as an annuity payment for a fixed period.

Q: Shelly’s variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent…

A: The following information has been provided in the question: Value of account=$90,000 Fee Rate=2.25%

Q: Dylan contributed $700 at the end of every 3 months, for 4 years, into a Registered Retirement…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: The future value in thousands of dollars of an annuity of 500 months and a monthly payment of $380,…

A: Three different graphs have been given to represent the FV of three different annuities. We have to…

Q: Rosina plans on saving $2,225 a year and expects to earn a rate of 8.37% compounded quarterly. How…

A: Amount in the future is the future value of annuity accumulated along with interest. This is the…

Q: At your favorite annuity store. Annuities-R-Us, you see a security that offers 46 equal payments,…

A: Annuity refers to the contract between the insurer and the insurance company against regular…