Find the monthly premium of a $450,000 universal-life insurance policy purchased by a 25-year-old female, who gets

Question:

Find the monthly premium of a $450,000 universal-life insurance policy purchased by a 25-year-old female, who gets the preferred rate?

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

Step by Step Answer:

Related Book For book-img-for-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Question Posted: Mar 11, 2016 02:06 AM

See More Questions

(a) If Victor cashes in his policy, what options would he have when receiving the cash value? (b) Determine what the $16,000 in cash value in Victors life insurance policy would be worth in 20years...
Suppose you took out a universal life insurance policy that charges a 20 percent sales commission on each dollar paid into the policy and pays a 10 percent annual return on the policys cash value....
What is universal life insurance? What are the two costs of insurance options in a universal life insurance policy? What is the impact on the growth of the savings account portion of the policy under...
Requests are not usually uniformly distributed. For example, a cylinder containing the file system FAT or in odes can be expected to be accessed more frequently than a cylinder that only contains...
What is the purpose of reporting fund balance in five classifications? What is the difference between Restricted fund balance and Assigned fund balance?
An electron in the ground-state He + ion undergoes a transition to a state described by the wavefunction R 4,1 (r)Y 1,1 (,). (a) Describe the transition using term symbols. (b) Compute the...
The following data were obtained for the velocity profiles in turbulent flow at a specified point in a channel flow as a function of time. The measurements were taken 0.01 seconds apart. The velocity...
One study on managers' satisfaction with management tools reveals that 59% of all managers use self-directed work teams as a management tool. Suppose 70 managers selected randomly in the United...
How do strategic planners integrate ethical considerations and sustainability imperatives into strategic planning processes, balancing short-term financial objectives with long-term societal and...
From the trial balance of Gabriella Leitz, Attorney-at-Law, given in Figure 2.7, prepare (a) An income statement for the month of January, (b) A statement of owners equity for the month ended January...
Sam Molla has a 10-year level term life insurance policy with a value of $250,000. How much is his semiannual premium if he is 40 years old with a non-tobacco rate?
At 30 years old, Jaime Dawson finds the need to convert his whole-life insurance policy of $500,000 to extended term coverage with the same face value. Use 10-year level term rates to estimate the...
In 2017, GDP in Switzerland was $680 billion and GDP in the United States was $19.5 trillion. Does this indicate that the standard of living in Switzerland must be well below that of the United...
What engineering problems can be associated with foundations on limestone? Give two alternatives when a foundation excavation encounters a clay pocket in limestone.
1. Analyze the custom tailoring industry in Canada. What implications can be drawn? 2. Analyze Style's current operations. What implications can be drawn? 3. Calculate the unit contribution, total...
The Future Value of a Single Amount Evans invested $187,500 today in a mutual fund earning 4% interest, compounded annually. Round answers to the nearest whole dollar. Do not use negative signs with...
The financial management of a domestic company differs from that of an international company on different factors and parameters. Discuss.Distinguish between the spot exchange rate, and the forward...
Automobiles are often used as an analogy to help people better understand how more massive stars have much shorter main-sequence lifetimes compared to less massive stars. Can you explain such an...
Consider the data of Problem 14-9. Suppose that cancellations intersperse new requests according to the following time-sequenced activities: Request 10 seats for fare 1, request 3 seats for fare 3,...
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
Raimi is offered a position as a sales representative. The job pays a salary of $500 per month plus a commission of 10% on all sales. Set up an equation that describes the relationship between the...
Career Printers Ltd. has two locations with a total of 24 employees. If twice the number of employees at the larger location is three more than three times the number of employees at the smaller...
The local amateur football club spent $675 on tickets to a professional football game. If the club bought three fewer 15-dollar tickets than four-fifths the number of 12-dollar tickets, how many...
Problem 2 [55 marks] Consider a thin solid disk of radius a and material properties, E and v, which is placed inside a disk with a hole of the inner radius b = a and the outer radius a with materials...
(1) The volume of the cylinder was 1L at 50 C. What will be the new volume Vat T=100 C? Assume that the mass on top of the cylinder is kept the same. (Hint: P1=P2) P=const n=const V2 T2 = V V Ti (2)...
8. Mr. McCloskey is driving his truck along a straight road when he notices a small dark object 500 ft ahead. He steps on the brakes, then recognizes that the object is a duck standing in the middle...

Find the monthly premium of a $450,000 universal-life insurance policy purchased by a 25-year-old female, who gets

Question:

Step by Step Answer:

Annual premium ...View the full answer

Business Math

Students also viewed these Finance questions