Chapter 19.I, Problem 8RE

BuyFind*arrow_forward*

8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the annual. semiannual, quarterly, and monthly premiums for the following life insurance policies

Face Value |
Sex and Age |
Annual |
Semiannual |
Quarterly |
Monthly |
|||||

of Policy |
of Insured |
Type of Policy |
Premium |
Premium |
Premium |
Premium |
||||

8. |
250.000 | Female—45 | 20-Year Endowment |

To determine

**To calculate:** The value of annual, semi-annual, quarterly and monthly premiums from the provided life insurance premium face value of policy is

Explanation

**Given Information:**

The provided life insurance is,

The face value of policy is

**Formula Used:**

To calculate the life insurance premium as follows:

Step1: in first, to calculate the number of

Step2: Locate the value of appropriate premium rate per

Step3: To calculate the annual premium by multiplying the number

Step4: Finally, multiply the appropriate 19-2 premium factor by used the premium factor for the premium.

**Calculation:**

Consider the provided life insurance, the face value of policy is

The face value of policy is

Step 1:

Substitute the value

Step 2: Next find the premium per

Step 3: Calculate the annual premium is,

Step 4: Calculate the monthly premium is,

The monthly premium factor would be

Sect-19.I P-1TIESect-19.I P-2TIESect-19.I P-3TIESect-19.I P-1RESect-19.I P-2RESect-19.I P-3RESect-19.I P-4RESect-19.I P-5RESect-19.I P-6RESect-19.I P-7RE

Sect-19.I P-8RESect-19.I P-9RESect-19.I P-10RESect-19.I P-11RESect-19.I P-12RESect-19.I P-13RESect-19.I P-14RESect-19.I P-15RESect-19.I P-16RESect-19.I P-17RESect-19.I P-18RESect-19.I P-19RESect-19.I P-20RESect-19.II P-4TIESect-19.II P-5TIESect-19.II P-6TIESect-19.II P-7TIESect-19.II P-8TIESect-19.II P-1RESect-19.II P-2RESect-19.II P-3RESect-19.II P-4RESect-19.II P-5RESect-19.II P-6RESect-19.II P-7RESect-19.II P-8RESect-19.II P-9RESect-19.II P-10RESect-19.II P-11RESect-19.II P-12RESect-19.II P-13RESect-19.II P-14RESect-19.II P-15RESect-19.II P-16RESect-19.II P-17RESect-19.II P-18RESect-19.II P-19RESect-19.II P-20RESect-19.II P-21RESect-19.II P-22RESect-19.II P-23RESect-19.II P-24RESect-19.III P-9TIESect-19.III P-10TIESect-19.III P-1RESect-19.III P-2RESect-19.III P-3RESect-19.III P-4RESect-19.III P-5RESect-19.III P-6RESect-19.III P-7RESect-19.III P-8RESect-19.III P-9RESect-19.III P-10RESect-19.III P-11RESect-19.III P-12RECh-19 P-1CRCh-19 P-2CRCh-19 P-3CRCh-19 P-4CRCh-19 P-5CRCh-19 P-6CRCh-19 P-7CRCh-19 P-8CRCh-19 P-9CRCh-19 P-10CRCh-19 P-11CRCh-19 P-12CRCh-19 P-13CRCh-19 P-14CRCh-19 P-1ATCh-19 P-2ATCh-19 P-3ATCh-19 P-4ATCh-19 P-5ATCh-19 P-6ATCh-19 P-7ATCh-19 P-8ATCh-19 P-9ATCh-19 P-10ATCh-19 P-11ATCh-19 P-12ATCh-19 P-13ATCh-19 P-14ATCh-19 P-15ATCh-19 P-16ATCh-19 P-17ATCh-19 P-18ATCh-19 P-19ATCh-19 P-20ATCh-19 P-21ATCh-19 P-22ATCh-19 P-23ATCh-19 P-24AT

Elementary Technical Mathematics

Elementary Geometry For College Students, 7e

Statistics for The Behavioral Sciences (MindTap Course List)

Mathematical Applications for the Management, Life, and Social Sciences

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Intermediate Algebra

Finite Mathematics

Calculus: Early Transcendental Functions

Essentials Of Statistics

Calculus: An Applied Approach (MindTap Course List)

Single Variable Calculus: Early Transcendentals, Volume I

Finite Mathematics and Applied Calculus (MindTap Course List)

Multivariable Calculus

Understanding Basic Statistics

Probability and Statistics for Engineering and the Sciences

Calculus: Early Transcendentals

Single Variable Calculus

Precalculus: Mathematics for Calculus (Standalone Book)

Calculus (MindTap Course List)

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Mathematical Excursions (MindTap Course List)

Elements Of Modern Algebra

Single Variable Calculus: Early Transcendentals

Trigonometry (MindTap Course List)

Calculus of a Single Variable

Calculus: Early Transcendental Functions (MindTap Course List)

Study Guide for Stewart's Multivariable Calculus, 8th

Finite Mathematics for the Managerial, Life, and Social Sciences

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Elementary Geometry for College Students

Mathematics For Machine Technology

College Algebra (MindTap Course List)

Multivariable Calculus

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Calculus (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)

Introduction To Statistics And Data Analysis

Statistics for Business & Economics, Revised (MindTap Course List)

Research Methods for the Behavioral Sciences (MindTap Course List)