The Net Single Premium for a Life Insurance Policy Is

question 11

Multiple Choice

The net single premium for a life insurance policy is

• A)the premium the insurer charges to cover the death benefit and the insurer's expenses.
• B)the future value of the future death benefit.
• C)the present value of the future death benefit.
• D)the face value of the policy discounted back for the number of year the policy will be in force.

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Definitions:

Human Activities

Actions or endeavors undertaken by humans that affect the environment and society, including industry, agriculture, and urbanization.

Core

The central or most important part of something, often referring to the center of the Earth or the main part of an organization.

Existence Values

The value that people place on knowing that a particular natural environment, species, or cultural heritage exists, even if they will never experience it directly.

Instrumental Value

The value attributed to something for its usefulness in achieving a desired end or purpose, rather than for its inherent qualities.