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.
Answer: C
You might also like to view...
According to one international advertising agency representative, "You can't show a goldfish in a goldfish bowl in Germany because of the national support of animal rights." The agency representative is referring to a(n) ________
A) collectivist norm B) individualist norm C) cultural value D) domestic barrier E) ethnocentric attitude
The ability of a business to earn a reasonable amount of income is referred to as the factor of ________
a. solvency b. wealth c. profitability d. leverage
How does HRM affect employee engagement?
What will be an ideal response?
An organization’s ____ is the total expense involved in ensuring that a product or service meets established quality standards.
a. Hurdle rate b. Cost of quality c. Opportunity cost d. Standard cost system