Life Insurance
Life Insurance
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In our eReader you can find the full English version of the book. Read Life Insurance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Life Insurance
What reading level is Life Insurance book?
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55 -j- $100. 00 or $766. 55, this amount may be considered as the net cost at age 70 of a life annuity the first payment of which is made at that age.
It is now necessary to determine how much must be paid to the insurance company by the purchaser who takes such a contract when 40 years of age. The cost of this contract is ordinarily . Computed on the assumption that the single pre- mium paid at age 40, or the annual premium paid from ages 40 to 70 is a sum laid aside for use after age 70, the ...pur- chaser relinquishing any right to his contributions in case he fails to survive to that age. By this means he is able in case of survival to share proportionately in all funds relin- quished by other annuitants who failed to live to age 70. Clearly the chance that a man aged 40 will collect any por- tion of his annuity is the chance that he will survive this period. In other words it may be stated that the period of deferment is a pure-endowment period.
It is now possible to state the problem in actuarial terms.
What to read after Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
55 -j- $100. 00 or $766. 55, this amount may be considered as the net cost at age 70 of a life annuity the first payment of which is made at that age.
It is now necessary to determine how much must be paid to the insurance company by the purchaser who takes such a contract when 40 years of age. The cost of this contract is ordinarily . Computed on the assumption that the single pre- mium paid at age 40, or the annual premium paid from ages 40 to 70 is a sum laid aside for use after age 70, the ...pur- chaser relinquishing any right to his contributions in case he fails to survive to that age. By this means he is able in case of survival to share proportionately in all funds relin- quished by other annuitants who failed to live to age 70. Clearly the chance that a man aged 40 will collect any por- tion of his annuity is the chance that he will survive this period. In other words it may be stated that the period of deferment is a pure-endowment period.
It is now possible to state the problem in actuarial terms.
What to read after Life Insurance?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
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