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Crank
2 years ago
7

A 50-year-old male purchased a 20-Year Endowment insurance policy at the age of 40.The face value of the policy was $85,000. He

asks his insurance agent for a reduced paid up insurance nonforfeiture option. Given the table below and the permanent insurance amount of $48.20 per thousand, determine the reduced paid up insurance value and the annual premium.
Mathematics
2 answers:
konstantin123 [22]2 years ago
8 0

Answer:

The reduced paid up insurance value is $47,770 and the annual premium is $4,097

liq [111]2 years ago
6 0

Answer:

a.

Step-by-step explanation:

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