QUESTION 3 For a 20-year endowment insurance of 35,000 on (x) with benefit payable at the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
QUESTION 3 For a 20-year endowment insurance of 35,000 on (x) with benefit payable at the moment of death, you are given: * Expenses are incurred at the beginning of the year: First year Renewal Percent of Premium 25% 5% Ax:20] = 0.4058 = 12.522 Per 1,000 of Insurance 2.0 0.5 + i = 0.05 Level annual premiums are determined by the equivalence principle. Calculate the annual expense-loaded premium. Per Policy 15.0 3.0 QUESTION 3 For a 20-year endowment insurance of 35,000 on (x) with benefit payable at the moment of death, you are given: * Expenses are incurred at the beginning of the year: First year Renewal Percent of Premium 25% 5% Ax:20] = 0.4058 = 12.522 Per 1,000 of Insurance 2.0 0.5 + i = 0.05 Level annual premiums are determined by the equivalence principle. Calculate the annual expense-loaded premium. Per Policy 15.0 3.0
Expert Answer:
Answer rating: 100% (QA)
Stepby step Explanation Anual expense premium is the premium is the rat... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Premiums for the Sun-Belt Insurance Company are given in the table. Find the annual premiums for $250,000 of the following Sun- Belt life insurance policies. a. A 10-year life insurance policy...
-
The first moment of the shaded area with respect to the x axis is denoted by Qx. (a) Express Qx in terms of r and θ. (b) For what value of θ is Qx maximum, and what is the maximum value?
-
You are an insurance agent who must write a policy for a new client named Sam. His company, Society for Creative Alternatives to Mayonnaise (SCAM), is working on a low-fat, low-cholesterol mayonnaise...
-
1) The mast on the boat is held in place by the rigging, which consists of rope having a diameter of 25 mm and a total length of 50m. Assuming the rope to be cylindrical, determine the drag it exerts...
-
The Windwalker Company has collected the following data for one of its product lines: total production costs, $300,000; total selling, general, and administrative expenses, $112,600; desired profit,...
-
Does Under Armour have any resource strengths or competitive capabilities that qualify as a distinctive competence?
-
What is the most widely followed statistic in business? a. Gross profit b. Earnings per share c. Retained earnings d. Dividends
-
a. Discuss the concept of pyramiding as it applies to this investment situation. b. What is the present margin position (in percent) of Ravi's account? c. Ravi buys the 1,000 shares of RS through his...
-
Case Study 1 Jarred and his brothers opened Digital printing Pty Ltd on 1 June 2022. During the first month of operations, the following transactions occurred June 01 The business issued shares, and...
-
Your company is considering acquiring a private company (New Co., Inc.). The CFO has asked you to review the financial statements, look for key trends, and develop financial/operational questions to...
-
We run the Internet's largest marketplace for doll clothing patterns at Pixie Faire, featuring more than 50 indie designers, as well as online training courses on design, sewing, patternmaking, and...
-
Generalize the model considered in Example 4.11 to a marginal model for the longitudinal DOS data and compare the findings with that in Example4.11 Example 4.11 For the models in Example 4.8 DOS,...
-
Let \(p_{1}=\operatorname{Pr}(y=1 \mid x=1)=0.8\) and \(p_{2}=\operatorname{Pr}(y=1 \mid x=0)=0.4\). (a) Compute the relative risk of response \(y=1\) of population \(x=1\) to population \(x=0\), and...
-
A common trick for opening a stubborn lid on a jar is to run very hot water over the lid for a short time. Explain how this helps to loosen the lid. Role
-
If the temperature \(T\) of an ideal gas doubles, by what factor does the average kinetic energy of the atoms change?
-
Water flows through a 4.0 -cm-diameter horizontal pipe at a speed of \(1.3 \mathrm{~m} / \mathrm{s}\). The pipe then narrows down to a diameter of \(2.0 \mathrm{~cm}\). Ignoring viscosity, what is...
-
The figure shows a graph of two pulses traveling toward each other at t=0 s. Each pulse has a constant speed of 1 cm/s. When t = 5 s, what is the height of the resultant pulse at x = 3 cm? +2 cm +1...
-
Ashlee, Hiroki, Kate, and Albee LLC each own a 25 percent interest in Tally Industries LLC, which generates annual gross receipts of over $10 million. Ashlee, Hiroki, and Kate manage the business,...
-
Ulysses and Penelope are married and file separate returns for 2012. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250,...
-
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
-
Sophie is a single taxpayer. For the first payroll period in October 2012, she is paid wages of $3,250 monthly. Sophie claims three allowances on her Form W-4. a. Use the percentage method to...
-
Fill in the Blank. When finite amplitudes of motion are involved, __________ analysis becomes necessary.
-
Fill in the Blank. __________ equation involves time-dependent coefficients.
-
Fill in the Blank. __________ principle is not applicable in nonlinear analysis.
Study smarter with the SolutionInn App