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Business, 12.12.2019 23:31 supernova69

Suppose you are 35 and have a $45,000 face amount, 15-year, limited-payment, participating policy (dividends will be used to build up the cash value of the policy). your annual premium is $405. the cash value of the policy is expected to be $1,800 in 15 years. using time value of money and assuming you could invest your money elsewhere for a 8 percent annual yield, calculate the net cost of insurance.

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Suppose you are 35 and have a $45,000 face amount, 15-year, limited-payment, participating policy (d...
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