# James has opted for a 20-payment life insurance policy of \$200,000 related questions

• 1 James has opted for a 20-payment life insurance policy of \$200,000

James has opted for a 20-payment life insurance policy of \$200,000. James is 42 years old. What is his annual premium?

• 2 n insurance company wants to offer a new 5-year, level-term life insurance policy to recent college graduates

• 3 n insurance company wants to offer a new 5-year, level-term life insurance policy to recent college graduates

• 4 Joe Steam may elect to take a lump-sum payment of \$50,000 from his insurance policy or an annuity of \$5,650 annually as long as he lives

Mr. Joe Steam may elect to take a lump-sum payment of \$50,000 from his insurance policy or an annuity of \$5,650 annually as long as he lives. How long must Mr. Steam anticipate living for the annuity to be preferable to the lump sum if his opportunity rate is 8 percent?

• 5 An insurance company charges a 20-year old male a premium of \$250 for a one year \$100,000 life insurance policy

An insurance company charges a 20-year old male a premium of \$250 for a one year \$100,000 life insurance policy. A 20 year old male has a .9985 probability of living for a year. i.)draw the probability distribution table that illustrates the probability of living or dying in one year ii.)what is the expected value in dollars? iii.)find the standard deviation

• 6 formula for combination term and whole life insurance policy

We are being asked to come up with a formula for a combinationwhole life and term insurance policy that will insuarance thecheapest premium for \$1000 worth ofinsurance over 40 years. Anyone out there no where to look to help me?

• 7 Last year the annual premium on a certain hospitalization insurance policy was \$408, and the policy paid 80 percent of any hospital expenses incurred

Last year the annual premium on a certain hospitalization insurance policy was \$408, and the policy paid 80 percent of any hospital expenses incurred. If the amount paid by the insurance policy last year was equal to the annual premium plus the amount of hospital expenses not paid by the policy, what was the total amount of hospital expenses last year? please help me I have tried hard for this problem but in vain. I'll be thankful to you

• 8 Last year the annual premium on a certain hospitalization insurance policy was \$408, and the policy paid 80 percent of any hospital expenses incurred

Last year the annual premium on a certain hospitalization insurance policy was \$408, and the policy paid 80 percent of any hospital expenses incurred. If the amount paid by the insurance policy last year was equal to the annual premium plus the amount of hospital expenses not paid by the policy, what was the total amount of hospital expenses last year? (A) \$850.00 (B) \$680.00 (C) \$640.00 (D) \$510.00 (E) \$326.40

• 9 insurance matrix, Insurance MatrixType of Insurance Functions Example of Company Coverage CharacteristicsAuto Home Health Disability Life what do they mean by the functions

insurance matrix, Insurance MatrixType of Insurance Functions Example of Company Coverage CharacteristicsAuto Home Health Disability Life what do they mean by the functions

• 10 True Or False Questions:The term insurance has no value as an investment and is the least expensive type of life insurance

True Or False Questions:The term insurance has no value as an investment and is the least expensive type of life insurance.Liability insurance protects a homeowner against injury to other people on his property.After these my math is done. Someone please help me. Thank You.

• 11 Information from the American Institute of Insurance indicates the mean amount of life insurance per household in the United States is \$110,000

Information from the American Institute of Insurance indicates the mean amount of life insurance per household in the United States is \$110,000. This distribution follows the normal distribution with a standard deviation of \$40,000. a. If we select a random sample of 50 households, what is the standard error of the mean? 5,656 b. What is the expected shape of the distribution of the sample mean? c. What is the likelihood of selecting a sample with a mean of at least \$112,000? d. What is the likelihood of selecting a sample with a mean of more than \$100,000? e. Find the likelihood of selecting a sample with a mean of more than \$100,000 but less than \$112,000.

• 12 dividend payment policy

A corporation has been paying out 1 million per year in dividends for the past several years. This year, the company wants to pay the 1 million dollar dividend butcant. All of the following are reasons the company cannot continue its dividend policy EXCEPT:A)the company's cash balance is less than 1 millionB)the company's liabilities exceed its assetsC)the company's net income this year is less than 1 millionD)the company's retained earnings balance at year end is less than one million