of the Using Table 19-3 Calculate the value non for future options for the life insurance. policy. (Express Cash Value and Reduced paid up insurance in $ Extended Term N Face of Unlve Years in Type of folcy Cash Value Redured Puid Years Days. раку 400,00D Up Inovence 5 20- Payment life 3.

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
icon
Related questions
Question
Ch. 19 Test: Insurance BUSN-230-01 Quantitative Busn Analysis I
esc
TABLE 19-3 Nonforfeiture Options (per $1,000 of Face Value Issued to a Woman at Age 20)
Whole Life Options
20-Payment Life Options
2
3
Extended
Term
End
of
Year
3
5
7
10
15
20
1
1
Cash
Value
$ 11
32
54
98
157
262
32²
Reduced
Paid-Up
Insurance
39²
F2
$ 25
64
99
186
314
491
44
80
F3
3
Extended
Term
2
9
13
17
21
25
Ch. 19 Test: Insurance - BUSN-230-01 Quantitative Busn Analysis I Fall 2022...
Cash
Years Days Value
DOD
000
F4
1
17 $ 29
23
73
142
101
191
322
77 505
54
218
webassign.net
F5
2
Reduced
Paid-Up
Insurance
$ 90
212
367
496
789
1,000
F6
Years
F7
1
Cash
Days Value
-Life-
4 217 $39
14
86
23
152
30
206
34
142
DII
FB
20-Year Endowment Options
3
Extended
Term
91
186
324
647
1,000
W https://www.webassign.net/brecmbc9/19-table-3.pdf
DD
F9
2
Reduced
Paid-Up
Insurance Years
$ 97
233
381
512
794
1,000
F10
7
19
26
32
37
(4)
-Life-
F11
Days
132
204
310
117
350
F12
+88
Transcribed Image Text:Ch. 19 Test: Insurance BUSN-230-01 Quantitative Busn Analysis I esc TABLE 19-3 Nonforfeiture Options (per $1,000 of Face Value Issued to a Woman at Age 20) Whole Life Options 20-Payment Life Options 2 3 Extended Term End of Year 3 5 7 10 15 20 1 1 Cash Value $ 11 32 54 98 157 262 32² Reduced Paid-Up Insurance 39² F2 $ 25 64 99 186 314 491 44 80 F3 3 Extended Term 2 9 13 17 21 25 Ch. 19 Test: Insurance - BUSN-230-01 Quantitative Busn Analysis I Fall 2022... Cash Years Days Value DOD 000 F4 1 17 $ 29 23 73 142 101 191 322 77 505 54 218 webassign.net F5 2 Reduced Paid-Up Insurance $ 90 212 367 496 789 1,000 F6 Years F7 1 Cash Days Value -Life- 4 217 $39 14 86 23 152 30 206 34 142 DII FB 20-Year Endowment Options 3 Extended Term 91 186 324 647 1,000 W https://www.webassign.net/brecmbc9/19-table-3.pdf DD F9 2 Reduced Paid-Up Insurance Years $ 97 233 381 512 794 1,000 F10 7 19 26 32 37 (4) -Life- F11 Days 132 204 310 117 350 F12 +88
3.
Using Table 19-3 Calculate the value of the
options for the life insurance
policy.
(Express Cash Value and Reduced paid up insurance in $
non for future
Extended Term
Face of Unlue Years, urce Type: of Polcy Cash Valve Redured Paid Years Days
Insurance
400,00D
5
20-Payment life
↑
Transcribed Image Text:3. Using Table 19-3 Calculate the value of the options for the life insurance policy. (Express Cash Value and Reduced paid up insurance in $ non for future Extended Term Face of Unlue Years, urce Type: of Polcy Cash Valve Redured Paid Years Days Insurance 400,00D 5 20-Payment life ↑
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Types of Insurance Contract
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education