you are 47 and have a 270,000 face amount 13-year limited payment participating policy. Your annual premium is 945. The cash value of the policy is expected to be 10,813 years using the time value of money and assuming you can invest your money elsewhere for a 6% annual yield, calculate the net cost of insurance.
you are 47 and have a 270,000 face amount 13-year limited payment participating policy. Your annual premium is 945. The cash value of the policy is expected to be 10,813 years using the time value of money and assuming you can invest your money elsewhere for a 6% annual yield, calculate the net cost of insurance.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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you are 47 and have a 270,000 face amount 13-year limited payment participating policy. Your annual premium is 945. The cash value of the policy is expected to be 10,813 years using the
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