The Mathematics of Money

542 Chapter 13 Insurance and Risk Management Applying the factors to the prior year’s rates gives a total of ($3,457,089)(1.05)( ...

Copyright © 2008, The McGraw-Hill Companies, Inc. Using the table, we see that their experience is given 20% credibility. So the ...

544 Chapter 13 Insurance and Risk Management tier level (such as “$150 for single coverage, $450 for family”). Sometimes an empl ...

Copyright © 2008, The McGraw-Hill Companies, Inc. this is (90%)($703.92)
$633.53. The employee is left to pay the remainder, s ...

546 Chapter 13 Insurance and Risk Management While most people tend to focus on their rate of pay, benefits often represent a ve ...

Copyright © 2008, The McGraw-Hill Companies, Inc. Annamaria submits a claim of $650 for herself. How much will insurance cover? ...

548 Chapter 13 Insurance and Risk Management A company has 266 employees, all of whom are covered by the company’s health insur ...

Keely Powertrain currently pays 85% of the cost of a single contract and 65% of the cost of a family contract. According to thi ...

550 Chapter 13 Insurance and Risk Management those financial consequences are likely to be. A person might have a relatively sma ...

Copyright © 2008, The McGraw-Hill Companies, Inc. factoring in agent commissions, expenses, profit, and other costs, this low li ...

552 Chapter 13 Insurance and Risk Management Example 13.3.2 If the annual premium for a term insurance policy is $413.00, what w ...

Copyright © 2008, The McGraw-Hill Companies, Inc. is issued, and does not increase as the insured gets older. The premium in the ...

554 Chapter 13 Insurance and Risk Management Example 13.3.4 Suppose that the nonforfeiture table shown above is for a $150,000 d ...

Copyright © 2008, The McGraw-Hill Companies, Inc. In the first month, the $2,000 premium is paid, which leaves $1,940.00 after t ...

556 Chapter 13 Insurance and Risk Management than the surrender charge, so the policy will contain a provision that as long as a ...

Accidental death benefits may be sold either as riders to a regular policy, or as a policy in their own right. This coverage pro ...

558 Chapter 13 Insurance and Risk Management $125,000 20-year level term. 35-year-old female preferred. Semiannual premium. $17 ...

Copyright © 2008, The McGraw-Hill Companies, Inc. Refer to the table below for Exercises 17 to 22. This table of nonforfeiture o ...

560 Chapter 13 Insurance and Risk Management Suppose that the monthly mortality charge is $0.095 per thousand and that the deat ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 561 CHAPTER 13 SUMMARY Topic Key Ideas, Formulas, and Techniques Example(s) Pu ...