Search for notes by fellow students, in your own course and all over the country.
Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.
Title: APLL Exercise 2
Description: This is an assignment for APLL Exercise 2. Could be very helpful for you!
Description: This is an assignment for APLL Exercise 2. Could be very helpful for you!
Document Preview
Extracts from the notes are below, to see the PDF you'll receive please use the links above
APLII EXERCISE 2 Traditional Whole Life Insurance – Prospective Method FALL 2021
Name: Natalie Jenkins
APLII INPUT:
DEATH BENEFIT [APLII B3] = $250,000
ISSUE AGE [APLII A7] = 24,
RISK RATE CLASS [APLII D3] = STANDARD
GUARANTEED INTEREST RATE [APLII G3] = 2
...
0%
1) What is the Traditional Whole Life Premium, Cash Value @65 and Paid-Up Insurance @65 using the 2001 CSO Table [APLII F3]?
Male
Premium
Paid-Up@65
Female
Premium
CV@65
CV@65
Paid-Up@65
a
...
48
$131,439
$197,338
$2,261
...
Payable to age 65
$3,008
...
03
$38,792
$107,524
c
...
71
$166,515
$250,000
$4,497
...
Single Payment
$82,637
...
43
$154,235
$250,000
e
...
This is because the older one gets, the more they are
vulnerable to sicknesses, and a long-term insurance policy will be charged relatively lower than a short-term policy
...
Why are the some of the Cash Values and Paid-Up Values equal?
This is because of the different financial discounts that are associated with Paid-Up life insurance to lure the policy
holder to pay the whole life insurance in full
...
2) What are the Traditional Whole Life Premiums, Cash Values @65 and Paid-Up Insurance @65 using the 2017 CSO Table [APLII
F3]?
Male
Premium
CV@65
Paid-Up
Female
Premium
CV@65
Paid-Up
a
...
34
$119,702
$194,096
$1,970
...
Payable to age 65
$2,661
...
07
$34,972
$107,225
c
...
05
$154,179
$250,000
$4,050
...
Single Payment
$74,988
...
72
$145,433
$250,000
3) Change the 2
...
5%
a
...
b
...
This is because an increase in the guaranteed interest rate will directly affect all the factors that are used to determine the
amount of premium to be paid
...
4) What is the Net Amount of Insurance Protection being purchased at the age of, for the premium payment periods below, using the 2017
CSO Table [APLII F3]?
Male
Age = 35
Age = 85
Female
Age = 35
Age = 65
Age = 65
c
...
Payable to age 65
$225,234
$95,821
$64,535
$226,993
$104,567
$42,347
e
...
$169,493
$95,821
$36,298
$175,571
$104,567
$42,347
Single Payment
Age = 85
g
...
Title: APLL Exercise 2
Description: This is an assignment for APLL Exercise 2. Could be very helpful for you!
Description: This is an assignment for APLL Exercise 2. Could be very helpful for you!