8)Annual premiums are paid within the deferral period in a life annuity arranged for the age of...
Fantastic news! We've Found the answer you've been seeking!
Question:
8)Annual premiums are paid within the deferral period in a life annuity arranged for the age of 35 with 1,000 units paid at the beginning of each year from the age of 65.
If the insured dies within the premium payment period, net annual premiums will be refunded interest-free as death guarantee at the end of the year of death. Find the net annual premium ?
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date: