Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 7. using the 1980 cso mortality table, calculate t

7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume...

90.2K

Verified Solution

Question

Finance

image

7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume $1,000 of life insurance, 5% interest, and death claims paid at the end of each year for multiple-year policies. The NSP is paid at the start of the first year oI coverage for multiple-year policies. a. What is the NSP for a one-year term policy sold to a man age 30? (1 point) b. What is the NSP for a three-year term policy sold to a man age 37? (1.5 pts) c. What is the NSP for a five-year endowment policy sold to a man age 45? (2.5 pts) 7. Using the 1980 cso Mortality Table, calculate the following net single premiums (NSPs). Assume $1,000 of life insurance, 5% interest, and death claims paid at the end of each year for multiple-year policies. The NSP is paid at the start of the first year oI coverage for multiple-year policies. a. What is the NSP for a one-year term policy sold to a man age 30? (1 point) b. What is the NSP for a three-year term policy sold to a man age 37? (1.5 pts) c. What is the NSP for a five-year endowment policy sold to a man age 45? (2.5 pts)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Question Listen The end products of the citric acid cycle include all of the following...

Physics
1.2K views

A uniform slender rod of length L cross sectional area A and Young s modulus...

Basic Math
1.2K views

Question 10 2 Evaluate 4m x for m 4 x 3

Calculus
1.2K views

At what exact point on the curve y 8 2e x y Illustrate by graphing...

Accounting
1.2K views

PIO-4A. Recording Payroll and Payroll Taxes The following...

Accounting
1.2K views

A company uses the indirect method to prepare the statement of cash flows. Indicate whether...

Accounting
1.2K views

Please use this topic for comments regarding giving credit to others for their ideas. Rule...

Accounting
1.2K views

On July 1, 20X1, Tim Stein established his own Financial Services. Selected transactions for the...

Accounting
1.2K views

This project is worth 50 points and is due Monday, December 11th - you should...

Accounting
1.2K views

Calculate budgeted CM percomposite unlt 110 None of the ather alternative is correct 118 120...

Finance
1.2K views

Contrast the various types of operating loans: Standard, nonrevolving, and revolving. Which is best suited...

Finance
1.2K views

"Banff Inc. has developed a powerful efficient snow blower that is significantly less polluting than...