Examlex

Solved

Calculate the Value of the Nonforfeiture Options for the Following

question 64

Short Answer

Calculate the value of the nonforfeiture options for the following life insurance policy issued to a female at age 20.  Face Value  Yearsin  Type of  Cash  Paid-up  Extended  Term  of Policy  Force  Policy  Value  Ins.  Years  Day $100,0002020 Payment Life\begin{array} { l l l l l l l } \text { Face Value } & \text { Yearsin } & \text { Type of } & \text { Cash } & \text { Paid-up } & \text { Extended } & \text { Term } \\\text { of Policy } & \text { Force } & \text { Policy } & \text { Value } & \text { Ins. } & \text { Years } & \text { Day } \\\hline \$ 100,000 & 20 & 20 - \text { Payment } & & & &\\&& \text {Life}&&&&\end{array}


Definitions:

Buddhism

A major world religion or philosophy founded in northeastern India in the 5th century BC, based on the teachings of Siddhartha Gautama, known as the Buddha.

Freedom Summer

A 1964 voter registration drive aimed at increasing the number of registered black voters in Mississippi.

Civil Rights Act

A landmark piece of legislation in the United States that aimed to eliminate legal discrimination against African Americans, particularly in the areas of voting, education, employment, and the use of public facilities.

Related Questions