The net amount at risk for an ordinary life insurance policy is the difference between the
A) present value of future benefits and the present value of future premiums.
B) face amount of the policy and the total premiums that have been paid.
C) face amount of the policy and the legal reserve.
D) annual premium and the annual policyholder dividend.
Answer: C
Business
You might also like to view...
Which Six Sigma DMAIC phase focuses on why and how defects and errors occur?
A) control B) define C) measure D) analyze
Business
The present value of $100 received at the end of year 1, $200 received at the end of year 2, and $300 received at the end of year 3, assuming an opportunity cost of 13 percent, is ________
A) $ 453 B) $ 416 C) $1,181 D) $ 500
Business