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

Question

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] · Answer 1 · 2022-08-07T22:47:10+03:00

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] · Answer 2 · 2022-08-08T00:13:57+03:00

liq [111]2 years ago

6 0

Answer:

a.

Step-by-step explanation: