Second To Die Life Insurance
a 65 year old man intends to use his retirement funds to purchase an annuity from a life insurance company.?
given the amount of money the man has available to invest, the insurance company is able to offer two alternatives. the first option is to receive $2785 each month for as long as he lives; the second option is to receieve $3500 each month, but for only 20 years (payments will be made to his estate if he should die before that time) the relevant interest rate is 6 percent per year. how long must the man live so that the first option is a better deal?
can someone please tell me how to answer this question?
i need answer to this question for my finance assignment!!!
Life insurance companies are NOT investment firms — don’t get suckered.
Find yourself a good investment consultant who does not work on commission. You’ll probably have to pay him a couple hundred buck for advice, but you know it will be more balanced.
Premium Financing for Survivorship
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Second to Die $2.99 … |
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