Not logged in? Join one of the largest Insurance Forums on the Internet! Join Now!
Latest blog post: Auto Club to Cut Automobile Insurance Costs
Tweet Follow @insuranceblogg   

Advertisments:


Sponsor Links

Health Insurance Comparison
Affordable Pet Insurance
Travel Insurance Comparison
Travel Insurance Quotes


I need help on this math problem, the teacher doesn't even know how to do it?

  

I need help on this math problem, the teacher doesn't even know how to do it?

Postby adalberto » Wed May 16, 2012 12:36 am

Suppose that the probability that a person will die in the next 20 years is 7.2493%. If this person has a life insurance policy that will pay out $50,000 to the beneficiaries of the policy if the person dies in the next 20 years, what is the premium of the policy? Assume that the administrative costs of the policy amount to $55.

A. $4124.65
B. $25,000
C. $4536.30
D. $3679.65
adalberto
 
Posts: 385
Joined: Fri Apr 01, 2011 11:52 am

I need help on this math problem, the teacher doesn't even know how to do it?

Postby lakeland » Wed May 16, 2012 12:41 am

Idk
Just guess or try
lakeland
 
Posts: 441
Joined: Thu Mar 31, 2011 4:03 am

I need help on this math problem, the teacher doesn't even know how to do it?

Postby willaburh » Wed May 16, 2012 12:52 am

doesn't make sense.
willaburh
 
Posts: 348
Joined: Sat Apr 02, 2011 8:16 am


Return to Life Insurance

 


  • Related topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 1 guest