Calculate the net single premium of the policy for her
Problem
If Mr. Levis, a 40-year-old man, wants to buy a one-year term life insurance policy with a face amount of $1,000,000, would you be able to calculate the Net Single Premium of the policy for her? (The annual interest rate is assumed to be 5%)
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If Mr. Levis, a 40-year-old man, wants to buy a one-year term life insurance policy with a face amount. Calculate the Net Single Premium of the policy for her?
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She is cover by $59,652 group life insurance policy through her employer. Based on this information, how much additional life insurance should Sheila purchase?
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