A 3-year term insurance policy on (50) provides a benefit of 100,000 upon death or a benefit of 50,000 upon diagnosis of disability. The policy will only pay one benefit. The benefit in either case is paid at the end of the year of death or diagnosis. Calculate the net annual premium for this benefit.

 

Answer rating: 100% (QA)

To calculate the net annual premium for this policy we pro... View the full answer