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    Determine Universal Life Policy Cash Flows

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    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

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    Solution Summary

    This solution calculates starting and ending cash flows for a life insurance policy.