TAILIEUCHUNG - Lecture Practical business math procedures (10/e): Chapter 20 - Jeffrey Slater

Chapter 20 - Life, fire, and auto insurance. In this chapter, the learning objectives are: Explain the types of life insurance; calculate life insurance premiums; explain and calculate cash value and other nonforfeiture options; explain and calculate premiums for fire insurance of buildings and their contents; calculate refunds when the insured and the insurance company cancel fire insurance; explain and calculate insurance loss when coinsurance is not met. | Chapter 20 Life, Fire, and Auto Insurance Explain the types of life insurance; calculate life insurance premiums Explain and calculate cash value and other nonforfeiture options Life, Fire, and Auto Insurance #20 Learning Unit Objectives Life Insurance Explain and calculate premiums for fire insurance of buildings and their contents Calculate refunds when the insured and the insurance company cancel fire insurance Explain and calculate insurance loss when coinsurance is not met Life, Fire, and Auto Insurance #20 Learning Unit Objectives Fire Insurance Explain and calculate the cost of auto insurance Life, Fire, and Auto Insurance #20 Learning Unit Objectives Auto Insurance Face amount - The amount received (proceeds) upon the death of the insured Insured - The policyholder receiving coverage Premium - Periodic payments you make for the cost of the insurance (determined by actuaries) Life Insurance Beneficiary - The person receiving the insurance .

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