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Questions and Answers
What is the formula to calculate Net Single Premium (NSP) for a pure endowment policy?
What is the formula to calculate Net Single Premium (NSP) for a pure endowment policy?
- $R.D_{(x+n)}/D_x$ (correct)
- $R \times 4768/6218$
- $R \times 0.7668$
- $R \times D_{50}/D_{40}$
In a whole life annuity, when does the annuity end?
In a whole life annuity, when does the annuity end?
- If the insured is still living at the end of the specific period (n)
- If the insured dies (correct)
- At the beginning of each year
- At the end of each year
For a person aged 18 who pays $15,336 for a 10-year pure endowment contract, what will be the face amount of insurance (R) received at age 28?
For a person aged 18 who pays $15,336 for a 10-year pure endowment contract, what will be the face amount of insurance (R) received at age 28?
- $25,000
- $10,000
- $20,000 (correct)
- $5,000
What is the difference between Whole Life Annuity and Term Life Annuity?
What is the difference between Whole Life Annuity and Term Life Annuity?
What is the characteristic feature of a deferred annuity?
What is the characteristic feature of a deferred annuity?
When is a Life Annuity Due paid?
When is a Life Annuity Due paid?
What is the main difference between a whole life annuity due and an ordinary whole life annuity?
What is the main difference between a whole life annuity due and an ordinary whole life annuity?
What does a Term Life Annuity guarantee?
What does a Term Life Annuity guarantee?
What is the formula to calculate the net single premium for a whole life annuity due?
What is the formula to calculate the net single premium for a whole life annuity due?
How is the net single premium calculated for an ordinary whole life annuity?
How is the net single premium calculated for an ordinary whole life annuity?
In general, for whole life annuities, what is considered in calculating the net single premium?
In general, for whole life annuities, what is considered in calculating the net single premium?
How many types of deferred annuities are there when combined with all other types of life annuities mentioned?
How many types of deferred annuities are there when combined with all other types of life annuities mentioned?
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