Question: For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each

For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of age. (iii) The annuity pays 25,000 every six months starting at age 85. (iv) Level monthly premiums are payable for 10 years. (v) i = 0.05 Calculate the net monthly premium for this policy. (A) 830 (B) 850 (C) 870 (D) 890 (E) 910 For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of age. (iii) The annuity pays 25,000 every six months starting at age 85. (iv) Level monthly premiums are payable for 10 years. (v) i = 0.05 Calculate the net monthly premium for this policy. (A) 830 (B) 850 (C) 870 (D) 890 (E) 910

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Upon hearing that Ross White (see Problems 6-27 and 6-28) is considering producing the brackets in-house, the vendor has notified Ross that the purchase price would drop from $15 per bracket to $...

1. For a 20-year deferred annuity-due on (65) you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of age. (iii) The annuity...

Problem 2.2.21. * (UDD + CF V: Complete expectation of life) You are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed between ages 90 and 91. (iii)...

You are given: ( i ) Mortality follows the Standard Ultimate Life Table. ( ii ) Deaths are uniformly distributed over each year of age. ( iii ) i = 0 . 0 5 Find a 2 5 : 2 0 ( 4 ) .

Ryan who is (21) purchases a whole life insurance policy with a death benefit of 100,000 payable at the end of the year of death. The policy has annual premiums. The gross premium for this policy is...

Answer is C For a whole life insurance issued to (60), you are given the following: (i) Mortality follows the Standard Ultimate Life Table. (ii) Deaths are uniformly distributed over each year of...

8. An insurer issues a whole life annuity-due of 1 per year, payable annually, deferred for 30 years to (30). We are given: i. Mortality follows the standard ultimate life table. ii. i=0.05 Calculate...

For a fully discrete 10-year deferred 10-year endowment insurance of 5000 on (45), you are given: i) Mortality follows the Standard Ultimate Life Table. ii) i = 0.05 iii) First year expenses are 12%...

For a whole life annuity-due of 100 per year on (60), you are given: i. Mortality follows the Standard Ultimate Life Table. ii. i = 0.05 iii. Y is the present value of annuity payments. Calculate SD...

Answer is C For a fully discrete 10-year deferred whole life insurance of 100,000 on (30), you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) i = 5% (iii) The net level...

answer with explanation For a fully discrete 10-year deferred whole life insurance of 100,000 on (30), you are given: (i) Mortality follows the Standard Ultimate Life Table. (ii) i = 5% (iii) The net...

Let f : R R, let I be an open interval in R, and let c I. If f1 is the restriction of f to I, show that f1 has a limit at c if and only if f has a limit at c, and that the limits are equal.

Compute the Eurodollar futures rates for a contract maturing at time 2 and compare them to the forward rate agreement rate for a contract maturing at time 3.

Find the absolute maximum and absolute minimum value of f ( x ) = x 2 ( x 4 ) ( x + 4 ) on the interval [ 2 , 4 ] . Enter your answers to the nearest integer. Absolute Maximum Value is Absolute...

The post-closing trial balance of Custer Products, Inc. on April 30 is reproduced as follows: During May, the following transactions took place: a. Purchased raw materials at a cost of $45,000 and...

In your opinion, was Saks' zero tolerance policy for employee theft reasonable? Was the policy likely cost-effective? Defend your answers.

Cycle Specialists manufactures goods on a job order basis. During the month of June, three jobs were started in process. (There was no work in process at the beginning of the month.) Jobs Sprinters...

The following is a list of manufacturing costs incurred by Orleans Products Co. during the month of July: Direct materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

The following data are taken from the general ledger and other records of Phoenix Products Co. on October 31, the end of the first month of operations in the current fiscal year:...

Consider the processes for y that are given below, which you estimate using a sample from t=1,...,T, and for each of them construct the forecast for the period that is asked. [You will do symbolic...

12.6 Analyze the emerging emphasis on employee recognition.

=+Can you think of a new place to advertise besides luggage carousels, manhole covers, telephone wires, escalator steps, elevators, store floors, sidewalks, taxi tops, shopping bags, subway hand...

=+ Could you create a new place to place a message to reach the audience?