Life Insurance Answers

Determine the term life insurance amount per thousand on a 22-year-old female for a 5-year policy given that the face value of the policy is $600,000 and the annual premium is $1332.

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $95,636 5-year term policy for a 21-year-old male. Round your answer to the nearest cent.

Determine the term life insurance amount per thousand on a 20-year-old male for a 10-year policy given that the face value of the policy is $65,000 and the annual premium is $291.85.

The following table gives annual life insurance premiums per $1,000 of face value. Use the table to determine the annual premium for a $110,000 5-year term policy for a 22-year-old female. Round your answer to the nearest cent.

At the age of 28, you decide to invest into a 20-Year Endowment insurance policy. The face value for the policy that you are interested on is $91,500. Using the provided table, determine the annual premium for a 28-year-old healthy female seeking a 20-Year Endowment. Use the table provided below and round your answer to the nearest cent where necessary.

You have just spoken to your insurance agent and you are interested in investing in a Whole Life insurance policy. Given that you are a 26-year-old healthy female, determine the annual premium for a policy with a face value of $76,429. Use the table provided below and round your answer to the nearest cent where necessary.

A 30-year-old female purchased a 20-Year Endowment insurance policy at the age of 23. The face value of the policy was $78,250. She asks her insurance agent for the extended term nonforfeiture option. Given the table below and the permanent insurance amount of $37.80 per thousand, determine the annual premium and the Extended Term.

Your father, at the age of 40, purchased a Whole Life insurance policy with a face value of $80,210. The permanent insurance amount for a Whole Life insurance policy for a healthy 40-year-old male is $27.17. Your father decided to terminate the policy at the age of 50. Use the following table to determine the cash value of the policy upon cancellation.

Determine the permanent life insurance amount per thousand given that the policy belongs to a healthy 27-year-old female with an annual premium of $2,441.53 and a face value of $91,000 on a 20-Payment life insurance policy.

A 26-year-old male is interested in purchasing life insurance. Using the table, determine what the annual premium for a 20-Payment Life insurance policy, given that the face value of the policy is $89,657. If need be, round your answer to the nearest cent.