Determine Universal Life Policy Cash Flows
Not what you're looking for?
Finance: Universal Life Policy Table
The following table provides information about a universal life policy. Fill in the Table
Year 1 Year 2 Year 3
Cash value at beginning of year $10,000
Premium payments made at beginning of year 1,000 1,000 1,000
Mortality cost 550- 600 675
Expense Cost 100- 50 50
Interest rate used for crediting cash value 6.0% 5.0% 5.0%
Credited Interest
Cash Value at end of year
Purchase this Solution
Solution Summary
This solution calculates starting and ending cash flows for a life insurance policy.
Education
- MBA, Merage School of Business, Univ of Cal, Irvine
- BA, Univ of Cal, Irvine
Recent Feedback
- "Thank you so much for your help, it was very helpful to see how you did it in excel. Thanks again!"
- "Awesome review. Thank you!!!!!"
- "Wow - Amazing - Thanks"
- "Thanks"
- "Thanks for your help. Your solution helps me understand the problem and its solution."
Purchase this Solution
Free BrainMass Quizzes
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Understanding the Accounting Equation
These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.