Consider a 10 year endowment insurance policy to [45] with benefit amount of $150,000. If there is a death benefit, it is payable at the end of the year of death. Level annual premiums are to be paid at the beginning of each year that the policy is in force.

a) Calculate the annual net premium using the equivalence principle and the SSSM@5%.

Answer rating: 100% (QA)

ANSWER future value 150000 Year 10 Sssm rate 5 formula for annual net primium We wi... View the full answer