What is the average cost per year

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Q1) The dividends over a 20-year period are $1000 if we consider time value of money, and the cash-surrender value at the end of the 20th year is $3600. What assume that the annual premium for a $10,000 ordinary life insurance policy issued to a female, age 21, is $400 (paid at start of each year). Accumulated dividends over a 20-year period are $900 if we did not consider time value of money, and the cash-surrender value at the end of the 25th year is $3600. What is the average cost per $1000 per year using traditional net cost method?

Q2) Assume that the annual premium for a $10,000 ordinary life insurance policy issued to a female, age 21, is $400 (paid at start of each year ), each year the interest is 6% per year. The dividends over a 20-year period are $1200 if we consider time value of money, and the cash-surrender value at the end of the 20th year is $3600. What assume that the annual premium for a $10,000 ordinary life insurance policy issued to a female, age 21, is $400 (paid at start of each year). What is the average cost per $1000 per year using surrender cost index method?

Reference no: EM132959232

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