Theresita Guadalupe insured his life with an insurance company. Under the contract, she will pay a monthly premium of P2,000 for 10 years. In case of death before the 10th year, his beneficiary will receive an indemnification in the amount of P150,000. If he is still living on the 10th year, he will receive the face value of P500,000. If Theresita Guadalupe dies on the 5th year, his beneficiary will report an income of: * O P500,000 O 150,000 O 260,000 O Exempt
Theresita Guadalupe insured his life with an insurance company. Under the contract, she will pay a monthly premium of P2,000 for 10 years. In case of death before the 10th year, his beneficiary will receive an indemnification in the amount of P150,000. If he is still living on the 10th year, he will receive the face value of P500,000. If Theresita Guadalupe dies on the 5th year, his beneficiary will report an income of: * O P500,000 O 150,000 O 260,000 O Exempt
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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Transcribed Image Text:Theresita Guadalupe insured his life with an insurance company. Under the contract, she will pay
a monthly premium of P2,000 for 10 years. In case of death before the 10th year, his beneficiary
will receive an indemnification in the amount of P150,000. If he is still living on the 10th year, he
will receive the face value of P500,000.
If Theresita Guadalupe dies on the 5th year, his beneficiary will report an income of: *
O P500,000
O 150,000
O 260,000
O Exempt
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