(8 points) An insurer issues a 20-year annual premium endowment insurance with sum insured $100,000 to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
(8 points) An insurer issues a 20-year annual premium endowment insurance with sum insured $100,000 to a select life age 50. The insurer incurs initial expenses of $1000 plus 50% of the first premium, and renewal expenses of 3 % of each subsequent premium. The death benefit is payable immediately on death. Write down the gross loss at issue random variable. (8 points) An insurer issues a 20-year annual premium endowment insurance with sum insured $100,000 to a select life age 50. The insurer incurs initial expenses of $1000 plus 50% of the first premium, and renewal expenses of 3 % of each subsequent premium. The death benefit is payable immediately on death. Write down the gross loss at issue random variable.
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
If OPEC raised the price of oil high enough, would that be sufficient to promote an efficient energy mix?
-
A golfer hits a 1.62-oz ball with an initial velocity of 160 ft/s at an angle of 25 with the horizontal. Determine (a) The initial kinetic energy of the ball, (b) The kinetic energy of the ball when...
-
Assign R or S stereochemistry to the chirality centers in the following Newmanprojections: CI (a) (b) C "CH . "
-
At the level of output chosen by a competitive firm, total cost equals _________ times quantity, while total revenue equals _________ times quantity.
-
During 2012 and 2013, Gupta Co. completed the following transactions relating to its bond issue. The companys fiscal year ends on December 31. 2012 Mar. 1 Issued $100,000 of eight-year, 7 percent...
-
There is no difference between the therapies, but on the basis of the samples of subjects included in our study, we erroneously conclude that they differ
-
There are two drivers. Driver A has the loss distribution X with E[X] = 4 and Std[X] = 6. Driver B has the loss distribution Y with E[Y] = 6 and Std[Y] = 5. A & B want to share the risk by pooling...
-
Why is a customer account reopened when the account is paid after being previously written off?
-
Which of the following best describes whether a CPA has met the required standard of care in auditing a clients financial statements? a. Whether the clients expectations are met with regard to the...
-
Does the book value of accounts receivable differ before and after writing off an account? Explain.
-
How is the standard audit report adapted to apply to consolidated financial statements?
-
Crain Corporation has always assumed that an account receivable is good until the account is proven to be uncollectible. When an account proves to be uncollectible, the credit manager notifies the...
-
HR in Action Case Incident 1 "Boss, I Think We Have a Problem" Central Steel Door Corp. has been in business for about 20 years, successfully selling a line of steel industrial-grade doors, as well...
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
If the defendant is charged by a grand jury indictment, the preliminary hearing is generally a. Very important. b. Unnecessary. c. Waived by the prosecutor. d. Replaced with a mini-trial.
-
Grand juries include. a. 12. b. 12-16. c. 16-23. d. Any number of. members.
-
In federal courts, prosecution takes place in the district in which a. The victim lives. b. The defendant lives. c. The offense took place. d. The prosecutor requests.
Study smarter with the SolutionInn App