Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500

Question:

Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500 per month from the insurer, and her life expectancy is another 15 years (180 months). What is the exclusion ratio in this case?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Risk Management And Insurance

ISBN: 1292349743

14th Global Edition

Authors: George E. Rejda, Michael McNamara

See More Books

Question Posted: Apr 05, 2023 10:02 AM

See More Questions

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Siyabonga Peters is 56 year and is a South African resident, he had been working at Chocos (Pty) Ltd (Chocos) since 2015. During the COVID outbreak Siyabonga had been working from home and had the...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Court Casuals has 100,000 shares of common stock outstanding as of the beginning of the year and has the following transactions affecting stockholders' equity during the year. May 18 Issues 25,000...
Indicate whether the imputed interest rules apply in the following situations. a. Mike loaned his sister $90,000 to buy a new home. Mike did not charge interest on the loan. The Federal rate was 5%....
There is a sorting algorithm, Stooge-sort, which is named after the comedy team, The Three Stooges. if the input size, n, is 1 or 2, then the algorithm sorts the input immediately. Otherwise, it...
Water enters the horizontal, circular cross-sectional, sudden contraction nozzle sketched in Fig. P5.40 at section (1) with a uniformly distributed velocity of $25 \mathrm{ft} / \mathrm{s}$ and a...
(Postretirement Benefit Worksheet?2 Years) Elton Co. has the following postretirement benefit plan balances on January 1, 2010. Accumulated postretirement benefit obligation ? ? ? ? ? ? ? ? ?...
- 16.4 Using the discussion of Carnot's analysis of ideal heat engines in section 3.2.3, derive the relation presented in section 16.2.4 for p (the ratio of the energy rejected as heat by a thermal...
Under the new U.S. Patient Protection and Affordable Care Act, what are the provisions provided to ensure the quality of healthcare with lower costs?
Explain the payment of benefits of a fixed annuity.
Discuss how health information professionals can contribute to the transition to electronic record systems.
The origin of an $x$ axis is placed at the center of a nonconducting solid sphere of radius $R$ that carries a charge $q_{\text {sphere }}$ distributed uniformly throughout its volume. A...
An infinitely long positively charged wire that carries a uniform linear charge density $\lambda$ passes through the origin of an $x y$ coordinate system and lies on the $y$ axis. At the...
A positively charged nonconducting solid sphere of radius $R$ has a nonuniform volume charge density given by $ho_{0}$ for $r \leq R / 2$ and given by $2 ho_{0}(1-r / R)$ for \(R / 2 \leq r...
An electron initially $3.00 \mathrm{~m}$ from a nonconducting infinite sheet of uniformly distributed charge is fired toward the sheet. The electron has an initial speed of \(400 \mathrm{~m} /...
A quantity of positive charge is distributed throughout the volume of a long nonconducting rod, which lies on the $z$ axis and is centered at $z=0$. The rod's radius $R$ is much smaller than...
Find the flows of exergy into and out of the feedwater heater in Problem 11.43.
To help you become familiar with the accounting standards, this case is designed to take you to the FASBs Web site and have you access various publications. Access the FASBs Web site at...
a. What is a valued policy? Why is it used? b. What is a valued policy law? c. What is a replacement cost policy?
Explain the following legal doctrines: a. Misrepresentation b. Concealment c. Warranty
Insurance contracts have certain legal characteristics that distinguish them from other contracts. Explain the following legal characteristics of insurance contracts. a. Aleatory contract b....
In the next ten to twenty years, I think technological advancements will have a major impact on the training and development industry. The use of AI, VR, and AR are already surfacing in training...
Belief The first dimension of organizational cynicism, belief, arises when an employee concludes the organization is lacking in truth, fairness, honesty, or sincerity. Maybe the company is an...
The model includes five phases: Analysis, Design, Development, Implementation, and Evaluation. The first phase of the ADDIE model is the Analysis phase, where the instructional problem is clarified,...

Juanita paid a life insurer $45,000 in exchange for an immediate life annuity. Juanita will receive $500

Question:

Step by Step Answer:

Th e exclusion ratio is a tax term that determines what portion of each annuity paymen...View the full answer

Principles Of Risk Management And Insurance

Students also viewed these Business questions