The difference between the present value of future benefits payable under a life insurance policy and the present value of net premiums for the policy is the policy's
A) retrospective reserve.
B) policyholders surplus.
C) prospective reserve.
D) admitted assets.
Correct Answer:
Verified
Q22: Which statement is true regarding using interest-adjusted
Q23: The gross premium is defined as
A)the net
Q24: Beth purchased a $50,000 nonparticipating whole life
Q25: Which of the following statements is (are)true
Q26: Each of the following helps to reduce
Q28: Lisa does not want her life insurance
Q29: To level a net single premium (NSP),the
Q30: Paul is shopping for a life insurance
Q31: The policy reserve at the end of
Q32: Beth purchased a $50,000 nonparticipating whole life
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