Problem: 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