The net single premium for a life insurance policy is A) the premium
The net single premium for a life insurance policy is
A) the premium the insurer charges to cover the death benefit and the insurer’s expenses.
B) the future value of the future death benefit.
C) the present value of the future death benefit.
D) the face value of the policy discounted back for the number of year the policy will be in force.
ANSWER
Answer: C
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