Respuesta :
a. 2,000*10 years=20,000
b. 150,000=150 units of insurance. so 150 * 89(because cash value per unit for 10 years is 89)
=13,350
c. 66.75%
b. 150,000=150 units of insurance. so 150 * 89(because cash value per unit for 10 years is 89)
=13,350
c. 66.75%
Answer:
Cash value of the policy after 10 years = 11125
Step-by-step explanation:
Worth of life insurance = 125000
1 unit = $1000
$ 125000 = 125 units
And according to thumb rule : Cash Value of 1 unit during 10 years is equivalent to $89
Time duration in years = 10 years
Therefore, Cash value of the policy after 10 years = 125 × 89
= 11125
Hence, Cash value = 11125