CLU HS323 Lesson 5; Chapters 10, 11 &
12 questions well answered(passed)
CHPT 10: The Net Single Premium equals the present value of all expected benefits (NSP= PV of all
expected benefits).
True or False
True
CHPT 10: Net Single Premium calculations include an interest discount and a mortality calculation for
each year a death benefit could have been paid.
True or False
True
CHPT 10: To calculate Net Level Premium of ordinary life insurance policy, divide the Net Single Premium
by the present value of a whole life annuity due of $1 (NLP = NSP ÷ PVLAD).
True or False
True
CHPT 10: The difference between net premium and gross premium is agent commission rates.
12 questions well answered(passed)
CHPT 10: The Net Single Premium equals the present value of all expected benefits (NSP= PV of all
expected benefits).
True or False
True
CHPT 10: Net Single Premium calculations include an interest discount and a mortality calculation for
each year a death benefit could have been paid.
True or False
True
CHPT 10: To calculate Net Level Premium of ordinary life insurance policy, divide the Net Single Premium
by the present value of a whole life annuity due of $1 (NLP = NSP ÷ PVLAD).
True or False
True
CHPT 10: The difference between net premium and gross premium is agent commission rates.
