NO.PZ202301041000002304
问题如下:
Based on the data in Exhibits 1 and 2 and using the human life value method for determining life insurance needs, the additional amount of life insurance that Bradley should purchase is closest to:
选项:
A.$1,701,345.
$1,547,862.
$1,951,345.
解释:
The additional
amount of life insurance Bradley should purchase using the human life value
method is calculated as follows. The calculations assume (1) Bradley works for
exactly 15 years and (2) his family needs the proceeds of the life insurance
immediately upon his death.
1 Calculate the
pretax income needed to be replaced
2 Adjust the
discount rate to account for the projected growth rate of earnings and expenses
Discount rate: 4%
Projected annual
salary and expense increase for Bradley: 3%
Calculate the
adjusted rate (i):
i = [(1 +
Discount rate)/(1 + Growth rate)] – 1= [(1 + 0.04)/(1 + 0.03)] –
1= (1.04/1.03) – 1= 1.0097 – 1= 0.0097 = 0.97%
3 Determine the
total amount of life insurance needed by calculating the present value of an
annuity due in advance
$139,063 ×
PVAADV(15 years, 0.97%) = $1,951,345
[Inputs on
financial calculator (HP-12C):
Mode: BEG; n: 15;
i: 0.97; PMT: 139,063; FV: 0; calc PV]
4 Less Bradley’s
current life insurance coverage (from Exhibit 1)
(250,000)
5 Additional life
insurance required for Bradley
$1,701,345
B is incorrect.
The employer contribution to the defined-contribution retirement plan was not
included in Step 1 of the calculation.
C is incorrect.
The current $250,000 life insurance coverage was not deducted from the
calculation of the total life insurance needed.
此类计算是否都默认了expense也是按照每年3%增长?且已经买的这份保险的benefit不用考虑20%的税?
还有保险基本都采用先付年金,除非有说明比如dividend在年末支付?